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NIFTY : Price is on KEY SUPPORT LEVEL

After a massive sell-off from higher levels, the index is resting now on it's key support level of 7940. Till price contains above 7900, we're bullish in NIFTY & a break with sustained move below 7900 will start either a reversal in overall bullish trend in the index or will start a retracement phase in it's long bull run. For now, we're looking for buy signals to enter the index from current support.

PLS NOTE : All chart analysis posted here are the author's own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone.

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August 24, 2015

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