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Jan 16, 2018 10:35 AM

NIFTY - Long 

NSE:NIFTY1D
Nifty 50 IndexNSE

Description

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Nifty reversed after touching the resistance level trendline.
RSI at its higher end.
Formed a Bearish Engulfing pattern today.
Per derivative data, we can see unwinding in 10500,10600 and 10700 puts indicating exits by put writters.
Trend Analysisneeteshjain
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