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jaganath22
Nov 30, 2020 8:31 AM

Nifty 13500 on the cards Long

Nifty 50 IndexNSE

Description

Fibonacci retracement shows price going to 13500. This is also the top of the upward channel. Also in the 15mins time frame inverted H&S formed which also can be seen as a bullish flag. Fundamentally 7k crs pumped in by FII on Friday can help the bullish antipitaction. DOW has another leg of up move...Taking all into consideration I foresee a bullish move ahead. Until the call and put writers exit thier position price is rangebound. Tuesday will be interesting to see the option analysis

Trade closed: target reached

Time to reverse now......
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