Excerpts from Daily Analysis sent to subscribers
Half Hourly Chart
- Nifty made a bullish candle on daily charts after opeing gap up making a new high at 8535. The gap at 8477-8491 will be immediate support.
- Half hourly chart shows an expanding tringle forming which is a bearish pattern and has met resistance exactly at the resistance line. Trade above 8535 is necessary to avoid a leg down.
- Previous high 8180 and gap at 8169-8200 will be strong support if Nifty weakens further.
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