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getsetrade
Jun 9, 2017 3:44 AM

Nifty IT- A trap for the Bulls Short

Nifty IT IndexNSE

Description

As seen Nifty IT gave a breakout a couple of days back but could not sustain and immediately came down indicating a trap for the bulls. Traps are generally quick and it does not give a chance to the trapped side to exit quickly as in this case. The sector looks weak.
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