By looking at Nifty daily charts we are observing that bears are having control at the moment. Further downside momentum may continue, if Nifty trades below 4,700 levels. On the other hand, if Nifty manages to trade above 4,700 levels then some recovery may also be seen in coming trading sessions.
For intraday trading tomorrow, trend deciding level is at 4,750. If Nifty shows strength above 4,750 levels, then rally to 4,800-4,850-4,880 may be seen. On the downside if Nifty does not show strength above 4,750 levels then selling pressure till 4,715-4,680-4,650 may also be seen.
For intraday trading tomorrow, trend deciding level is at 4,750. If Nifty shows strength above 4,750 levels, then rally to 4,800-4,850-4,880 may be seen. On the downside if Nifty does not show strength above 4,750 levels then selling pressure till 4,715-4,680-4,650 may also be seen.
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