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NIFTY SHOW-VOLATILE SESSIONS

Nifty ends in red losing 16 odd points,the market breadth being negative with 604 advances to 873 declines.Today market witnessed a volatile session ,both the intraday day support and resistance were tested.Nifty managed to stay above 5210 from where it had bounced yesterday.As we move forward nifty is pushed in a narrow range where a breakout becomes evident.
                                                                                              Since nifty is being trading in consolidation phase for past few weeks ,we can expect a significant breakout.Today we have experienced a n increase in market activity,hence we can expect a breakout soon.The either side breakout  result remains same as mentioned earlier.

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DOJI

Nifty witnessed an absolutely sedate session,the bias looked positive but lacked momentum . The broader market was negative with 665 advances to 808 advances.The rally seemed to take a halt for a day before continuing further.i feel that the rally would take the markets to 5470-5500 before correction.since we are lacing fundamentally the longevity of this rally cannot be counted on.                                                                                                       On the hourly charts we are making higher highs and higher lows keeping the momentum intact,still as advocated a burst of 40-60 points on the nifty is still pending before correction ,i feel this might come tomorrow.Hence adding nothing more to i...
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