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Nifty may open flat to negative. Due to important policy declaration of RBI, NIFTY may remain volatile. 6095 should be watch out. Breaking that level, NIFTY may make new high and DAY CLOSING above 6105 may create trading range. On the other hand, trading below 6045 NIFTY may come down substantially and DAY CLOSING below 5990 may give reversal of current trend.
Formation of last two day's candle stick pattern may evolve as EVENING STAR pattern, which is bearish. Invalidation level is 6101.
Wish you happy trading !!!
Nifty may open flat to negative. Due to important policy declaration of RBI, NIFTY may remain volatile. 6095 should be watch out. Breaking that level, NIFTY may make new high and DAY CLOSING above 6105 may create trading range. On the other hand, trading below 6045 NIFTY may come down substantially and DAY CLOSING below 5990 may give reversal of current trend.
Formation of last two day's candle stick pattern may evolve as EVENING STAR pattern, which is bearish. Invalidation level is 6101.
Wish you happy trading !!!
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