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Nifty outlook – Strong Recovery or Impending Decline

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.

Today we are going to update the BANKNIFTY‘s report at 8:30 AM.

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Mr.Guru is a registered investment advisor for Moneymunch, he is a regular guest on popular channels and writes for several newspapers and financial journals. They've black magic of stock market analysis because studied charts over 20 years.

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