On daily charts Nifty seems to be doing the repeat 08 July as shown in above chart.
- It touched 200 DMA
- Started Correcting till 50 SMA
- Bounced back again to touch 200 SMA and finally collapsed as unable to breach for second time.
Scenario which has payed till now
- Nifty touched 200 SMA@5400
- Corrected yesterday till 50 SMA@5068
- We need to watch from today how it ...
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