Gift nifty reached an important monthly level next one is a 12M level( light red), next monthly level is quiet high, light blue showing normal weekly level, lets c
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nifty idea
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possible consolidation in BN otherwise another good fall in BN
resistance from the day line holding the weekly line, nifty and bank nifty both closed below there weekly levels after getting resistance from there monthly levels
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21663 is a monthly level (white line) and 21600, a weekly level 2
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nifty now at a risky place , only possible support here is the high of monthly bb, lets and weekly rsi 70
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gift nifty is trading below the monthly and weekly levels so caution is needed
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now at the day level
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4H 10MA looking for -ve closeup, only a strong green movement will be able to invalidate it
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still holding the day level but 4H 10MA is a risk
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good able to hold the day line against the pressure of the falling 4H 10 MA line