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Nifty outlook – Strong Recovery or Impending Decline

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Free NSE Nifty chart calls

If bulls break the control line, we can expect the following target 17356-17472-17521. But The rejection from the control line will drive the price to 17150 – 17012- 16900. Nifty has completed Impulsive wave C of wave(c) of wave ((Y)) and started marching upward. In this initiative, we can see a sharp move with three gaps.

A gap down on Monday indicates island reversal and selling pressure.

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