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abu_huraira

Nifty small cap below monthly support but holds Fibonacci levels

Nifty SmallCap 100 Index (NSE:CNXSMALLCAP)  
abu_huraira  
NSE:CNXSMALLCAP   Nifty SmallCap 100 Index
Trend Analysis Chart Patterns smallcaps niftysmallcap Bearish Patterns
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trendanalysis chartpattern smallcaps niftysmallcap bearish
Nifty small cap has broken monthly support but, holding support near Fibonacci levels near 6000.
If small cap goes below 6000, chances of downfall of more 1000 points, which is next Fibonacci levels.
At upside if there is any upward movement, small cap has next support near 7200.
But RSI levels still unable to break the support, so the chances of downfall is more.
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