Further to the earlier post Nifty50 and updates the chart suggests NS has reached the maximum pull back and ready to start correction. On Monday move below 8220 and close below 8220 confirms the correction. The pattern marked in chart also suggest and what remains for confirmation is the fall of stochastic below 80. The 8260 is a crucial point which was resisted by the bears today. Bulls needs to recover 8260 and stay above there atleast 15 minutes for any chance of moving up.
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