- On weekly closing basis nifty is still trading in a range as shown in weekly chart. Once the range was violated and nifty went till 6300 and now price has come back into the range. The range which looks like an ascending channel is creating higher supports which is good for the long term bulls. Lets see how the following weeks close.
- Day chart shows bulls holding onto a trend line. Once push will take them below 5500 and the next important stop is near 5410 level.
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