Nifty at a critical support level
NIfty had a great run of green candles for 5 straight days folllowed by a doji pause, followed for past 5 days by red candles ..... it has taken support at 20EMA today. Just around the same level is the critical support of 17,944 - will Nifty be able to hold off that level tomorrow? Hope it takes support and banks carry the index tomorrow as well. Source of strength can only be if buying interest returns. Let us hope some buying strength sustains nifty tomorrow. Fingers crossed!
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