Weekly Chart
Daily Chart
Hourly Chart
As is visible on each of the charts Nifty is frought with resistances.The rising wedge too has reached a point which makes it's bearishness irrelevant if the break down does not happen with a leg down immediately.
Keeping tight stops on longs and waiting for the breadown to create shorts would be prudent.
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Happy Trading !!
Lakshmi Ramachandran
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