- This is the fourth time this resistance line is pushing nifty down.
- If it gets there next time surely it will break on the upside.
- But will it get there ?
- Have a look at EUR/USD chart during trading hours. Yesterday during nifty trading hours it showed a bullish picture. When the U.S. Markets opened it gave up all the gains giving us a gap down. So think twice before carrying your positions overnight during such uncertain times.
- Having said that it is not breaking down in a hurry too.
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