Nifty 50 Index

NIFTY - Analysis

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NIFTY - Analysis

What happened on Friday, was just a dead cat bounce from 200 ema or can also be called a relief rally to the 50 bps hike.

What follows ahead -

Expecting NIFTY to fill the gap on the upside (17327 to 17475) first, then resume it's downward journey towards 16250.

Will post further analysis after 16250.

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