- Nifty continue to break the important low formed in the hour chart. Until this trend of Hourly lows getting broken changes its not possible for bulls to change the trend.
- 4555 is the current important low in hourly chart. If this gets tested another down move is possible.
- Price continue to stay below crucial moving averages.
- 50 Hour moving average the resistance line and 4673 levels may act as resistance levels in case of an up move.
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