Daily Chart
Half Hourly Chart
Nifty breaks down from the green triangle, moves and closes below the 200 dema, giving a target of 5400. The head and shoulder formation gives a target of 5230.Support taken on support line shown in red on daily charts. Holding 5594 could see some pullback.
Support at 5594-5560-5500 Resistance at 5650-5700.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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