NIFTY managed to rise on Wednesday - no doubt to many's relief. Although a buy was triggered, the profit generated was a mere 11 points.Seeing that the index has managed to crawl back above the 180 degree line, can we expect further bullishness? Quite possibly. However, the danger comes from the red diagonal line. If NIFTY can close above that with conviction, the case for continued bullishness can be made.
Upside Target : 2,681.50
Downside Target : 2,594.00
Bullish above 2662
Bearish below 2629
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