At present Nifty is hovering around the usual levels of 5250-5260, if i see only the line chart i see a downward channel which could be broken on the upside anytime once the Euro markets open, and if they open in +ve note and show strength, then we could see some upside to 5290-5300 levels in Nifty.
I see 5249 as support and below which 5230 is possible, for today.
Nice man. Extremely informative post. I'll be sure to pass this along to my tech guys.
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