NIFTY is near strong Make or break support zone. On hourly candles the the 17767 has been held like a fort since December 22 by Spot Nifty. Nifty going below it will go into the firm grip of bears. Resistance on the upper side for Nifty are 50 and 200 hours EMA which is at 17939 and 18106. Above 18106 Nifty can show some strength and gallop till 18272. Nifty will be bullish again only after we get a closing above 18272.
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