Yesterday`s rapid ascent suggest that key moving averages and internal trendlines could resist - Geojit Financial
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NIFTY OUTLOOK
Yesterday’s rapid ascent suggest that key moving averages and internal trendlines could resist. If such resistance do not force a slippage past 17324, expect Nifty to continue on the 17600-780 trajectory. This seems less likely today, though. Alternatively, slippage past 17324 may not lead to collapse, but a comfortable re entry for longs would be near 17195 in such case.
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