Nifty still holding up the most crucial 4550/47 and 4505. So technically we are still in a bullish trend in a larger time frame. but on the other hand short term looking bearish after breaching important support 4680-4665, so the conjunction of two different mode of a same price movement resulting in a pathetic sideways movement. I posting only one chart today as my data showing error on every second bar.
Supports: Initially 4600/04 will provide support, Below that further intra weakness can bring 4570-4550/47 again.
Resistances: 4465-4685 are the 2 main hurdle for the day for nifty , above that 4705-4730 is again possible.
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