Nifty (8683) we said ‘and in the process generating a pattern would could stall the selling pressure and so a bounce is possible and I would say that 8490 is a crucial support to work and a breach of 8490 would hit the market hard and until that happens…its back to consolidation’ the Nifty unfolded as expected and closed massively in the green trapping the shorts…technically now like I saw we are back into consolidation and the next logical technical target in the days to come is 8746…crucial support 8600
The support for the Nifty is at 8600-8490 and the resistance is at 8746
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