Will this SUPPORT will NOW act as a RESISTANCE..?
As we can see NIFTY finally showed unidirectional fall after resisting from our previous acting SUPPORT but managed to recover almost in V SHAPE. Since looking at chart it makes very evident that NIFTY should resist from here and continue its fall but market also does opposite of what’s most expected hence we can expect NIFTY can show temporary weakness but finally RECOVER breaking the RESISTANCE which acted as a SUPPORT previously and could be a SIDEWAYS to BULLISH day so plan your trades accordingly.
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