As per the chart above, nifty entered into the support trendline again. That’s clear sign bulls are stepping in. If it remains above the support trendline on Monday, we can expect target levels of 16490 – 16580 – 16680. It could skyrocket up to 17000 level.
And if it breaks the support trendline, then a downtrend will begin. What will happen in a downtrend? In the forthcoming report, I will update you.
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