Bearish Divergence being formed on NIFTY chart. Reversal expected in couple of trading sessions. Buying puts is suggested due to this.
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Today's NIFTY's fall re-establishes the fact of heavy resistance area. Next 2 trading sessions need to be watched closely. A highly probable trend reversal should happen as per my idea.
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Nifty closed negative today..reversal is in vicinity now. Wait for tomorrow's close. 8810 is the support level. Prices may fall to this level.
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NIFTY couldn't cross 9000 level. Moved up and down during this week. Downside was limited to 8860 level. In next week, another 150 points drop is expected in NIFTY. Hold your puts.
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Extremely narrow trading range observed in this week for NIFTY. Coming week is very crucial. Be Alert.