THE TECHNICALITY
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· Resistances on NIFTY are 7469 / 7487 / 7525.
· Support Levels for NIFTY are 7410 / 7370 / 7351.
· · Last week was volatile but ended on a firm note indicating a positive hammer on a weekly scale that too in an area where we are expecting the completion of leg `g'.
· Stable & matured market should resume within a week. Crossover of 7471 last Monday confirmed the positive bias & momentum while crossover of 7605 will confirm the bottom.
· Remember, current weeks movement is slow & range bound. Stay away from the Bears But enter the Bulls aggressively only once 7487 is crossed.
· Good Luck..
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