Monday 24 September 2018



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After forming a ‘Shooting Star’ candlestick followed by ‘Long Bearish’ candle with Open High at the same level indicates a bearish signal and we have witnessed the same during the last two weeks as well.

However, the Nifty has strong support placed around 10,800-level which is at the lower band of the upward rising channel formation in which the Nifty has been trading since many weeks.


Besides this, the Nifty has been trading with a strong support placed at 50-weeks moving average at 10,690 level and 21-weeks moving average support which is there at 11,060 level suggesting positive trend for the time being.

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