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'Traders can retain long-short combo positions till Nifty is around 10,200'


The pattern setup is yet another sign of diminishing strength & a breakdown below 10,200 from hereon would confirm the bearish reversal pattern & commencement of the counter trend.

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Sacchitanand Uttekar

Nifty has been hovering around the 'Engulfing Bearish' formation which occurred last week around the confluence zone of its 200-DEMA & 61.8 percent retracement of the January-March fall around 10,551. The negative divergence displayed by its corresponding daily RSI value in line with the resistance zone of the ongoing channel pattern remains a concerning fact for the sustenance of the ongoing up ...


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