Daily Chart
Bullish candle breaking resistance of previous peak and downtrendline from 5399 easily.The 200 dema however could not be conquered on a closing basis.Strong resistances at the green neckline at 5225 and at the downtrendline at 5250.Stochastics and Rsi14 are in the overbought zone making the Nifty vulnerable to a correction.
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Lakshmi Ramachandran
www.vipreetsafetrading.com
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