As we can see NIFTY finally showed unidirectional upmove as expected and analysed in our previous posts as it managed to sustain itself above 25000 levels. Now that it has managed to close above 25200, there is no immediate strong noticeable resistance other than 25300 levels which is a GAP which needs to be filled can act as a resistance. break of which we can see 25500 being next important resistance and swing so even if we may see a temporary retracement, we may expect long term bullishness so plan your trades accordingly and keep watching everyone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.