as u can see, nifty has failed to close below gann fan's 1*4 line for the last 5 trading sessions. it has become a good support for nifty for the target 5500.. as this support breaches nifty may come down 100 points for next support @ 5250 which is upper line of a channel. all the indicators has shown overbought condition n nifty must correct here for further upmove. so trade according to supports.
above 5350 target is 5500 n below 5350 target is 5250, 5190
happy trading
above 5350 target is 5500 n below 5350 target is 5250, 5190
happy trading
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