NIFTY 50 - General Outlook!!

NIFTY 50

The index opened gap down and bounced from the support level and closed at the resistance level.

The index respected the trendline as well.

Technical indicators are mildly bullish.

If price trades above today's high (9960), the next resistance is (10200). If price closes above 10200 level and a new uptrend is expected with 10327 as the next resistance. If the price closes below 9950 level, the nearby support is swing low 9560 on the hourly chart.

KEEP AN EYE!!
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