Nifty 50 index 1h. A short pullback
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to 9291 and then drop below today's low to 8894.
Reasons:
1. 50% Fib ratio confluence
2. Rsi divergence
3. Price trending downside in a bullish parallel channel
4. Strong demand zone at 8894 which is the 69 pool street of death zone.
Reasons:
1. 50% Fib ratio confluence
2. Rsi divergence
3. Price trending downside in a bullish parallel channel
4. Strong demand zone at 8894 which is the 69 pool street of death zone.
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