NIFTY Daily Chart Technical Analysis:
NIFTY fell again today after showing a rise yesterday.
Close & CMP: 5691
Market Outlook:
- It seems like NIFTY is about to do something big in either direction. Be prepared to go long or short when it does so.
- Going above 5765 is a good sign, and falling below 5627 is a negative signal.
Technical Indicators:
- The index made a bearish dark cloud cover candlestick pattern today.
- There was increased purchase as the price fell to its intraday low.
- The current support level is at 5627. If this support is broken, the next support is only available at 5475-5500 levels.
NIFTY Daily Chart Technical Analysis
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