The projected low for Tuesday's NIFTY was 2634. The actual low was 2611, exceeding the projection by 23 points. No complaints there, I'm sure!
We were hoping for a bounce at the 180 degree line. Seeing that NIFTY has actually closed below it, I would cautiously continue to be bearish on NIFTY. The key word is caution.
Possible Upside Target : 2,717.77
Possible Downside Target: 2,593.13
Bullish above 2644
Bearish below 2601
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