- Nifty has taken support at the broadening patterns support line Which was shown yesterday.
- second chart shows the fibonacci levels to which this up move can go.
- Price has closed above the 5 day low ema. But yet to cross the 50 Day moving average. 50 DMA is near 38.2% Fib level so this place may act as a resistance zone. Breaking above this will be positive.
- DOW JONES ANALYSIS AFTER CLOSING BELL
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