CHART -II
- Range has broken and nifty moved above the resistance line.
- Next resistance is @ the recent high 5653
CHART -I
- Nifty spot 15 Minutes chart with the range.
- Range is between 5550 - 5596.
- Breakout above will have to break above the blue resistance line connecting 5730 and 5653.
- Breakdown below 5550 also means trading below 20 DMA and needs a daily close below this level to confirm bearishness.
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