As stated in our previous chart, Nifty is doing a superb salsa!!! and surprised all intra day. This rise seems to be very fast and furious discounting many factors like rate cut etc. Just a view In this rally no one talking about bear market all have turned bullish . We should remember that we have not come to 8000 levels from 21000 because of any problem in India . This fall was led by DOW which is yet to give break out failing of which can result sharp fall .
Remember in our last post we have shown extend of Bear market rally. We are yet to break out either on Charts of dow jones or it happens to nifty also remember that till next week we are having alternate trading days .Keep you Profit floating and enjoy the ride .
Support : 3224 , 3160
Resistance : 3390-3430.
Regards
Nifty trends team
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