After a big gap up yesterday, NIFTY could not rise further today as analyzed in my yesterday's post.
The market closed at 6119 after falling to 6094.4.
Market Outlook: No big movement is visible tomorrow based on today's chart. The market is likely to take support near 6094 like it did today. Though, there could be some weird movement in the index due to raising of repo rate by the RBI.
Technical Indicators:
The market has taken support at Fibonacci 78.6% after jumping out of its diagonal resistance.
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