After a gap down and 2 more days of falling, NIFTY finally showed up a positive sign - a Dragonfly Doji. Moreover, this dragonfly doji comes with a strong buying interest in the market, with volume at one of its highest levels in the past year.
Based on which way the NIFTY breaks the triangle, we will determine what position to take. The moving averages are also flying apart, denoting the continuation of a choppy market for some more time.
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