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Only for Education Purpose

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learning only

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THIS ANALYSIS IS ONLY FOR LEARNING PURPOSE ONLY

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WE CAN SEE IN NIFTY PREVIOUSLY FORMED THE SAME PATTERN AND THEN PT GAVE GOOD RUN AFTER CORRECTING. WE MIGHT SEE THIS SAME RUN UP IN NIFTY IN COMING DAYS. LEARNING ONLY.

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LEARNING

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ONLY FOR LEARNING

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ONLY FOR LEARNING. WE ALL KNOW THAT THIS RALLY IS BASED ON LIQUIDITY INFUSED BY GOVERNMENT IN MARKET WHICH IS GIVING RUN UP TO THIS RALLY. WE CAN SEE THIS RUN UP TO CONTINUE TILL US ELECTION. ONLY MY OPINION IT CAN BE WRONG. IF IT BREAKS SUPPORT LEVEL DUE TO CURRENT WEAKNESS IN MARKET THAN WE CAN SEE NIFTY GOING TO LOWER LEVEL. WEEKLY ANALYSIS.

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IF NIFTY CAN BREAK THE RESISTANCE THEN IT CAN CONTINUE ITS PREVIOUS TREND OTHERWISE WE CAN SEE NIFTY HEADING TOWARDS 10800-10900 LEVEL. ONLY FOR LEARNING.

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DOJI IS FORMED IN WEEKLY CANDLE IN NIFTY AND ITS ALSO CLOSE TO RESISTANCE , WE CAN SEE WEAKNESS IN COMING WEEK. ONLY LEARNING

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if nifty break the level of 11550 - 11600 than it can go towards next resistance only learning

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IF IT BREAKS ABOVE THIS THEN IT CAN GIVE GOOD RUN

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WAIT FOR BREAKOUT FOR NEXT MOVE LEARNING ONLY

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NIFTY TODAY CLOSED ABOVE PRE COVID LEVEL AND THIS POINT IS VERY CRUCIAL FOR NIFTY 50 AND IF IT CAN RETAIN THIS THEN IT WOULD BE HEADING TOWARDS THE MARK OF 12000. SO HERE WE NEED TO SEE THAT CAN NIFTY RETAIN THIS ON MONDAY SESSION. LEARNING ONLY

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AS WE CAN SEE NIFTY 50 IS GIVING ROUNDING BOTTOM BREAKOUT ALTHOUGH WE CANNOT CONFIRM THIS BUT WE CAN SAY THAT CURRENT TREND IS STRONG AND WE CAN SEE UP MOVE ION FUTURE ONLY FOR LEARNING

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TODAY'S CANDLE IS A SHORT DAY BEARISH CANDLE. ALTHOUGH TODAY'S CANDLE IS BEARISH BUT STILL NIFTY IS IN UPTREND FORMING HIGHER HIGH AND HIGHER LOW WHICH SUGGEST THE UPTREND IS INTACT IN NIFTY WHICH CAN TAKE IT TO NEXT RESISTANCE OF 11550 -11600. TODAY'S NIFTY WAS UNABLE TO MAINTAIN THE PSYCHOLOGICAL RESISTANCE OF 11500 AFTER GIVING GAP UP OPENING. ONLY FOR LEARNING

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AS WE CAN SEE NIFTY 50 IS CONTINUING UPTREND BY FORMING HIGHER HIGH AND HIGHER LOWS. TODAY'S CANDLE ALSO SUGGEST CONTINUATION OF UPTREND WHICH SUGGEST WE CAN SEE NIFTY HEADING TOWARDS ITS RESISTANCE OF 11550 - 11600. ONLY FOR EDUCATIONAL PURPOSE.

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SHOOTING STAR FORMATION IN UPTREND SUGGEST EITHER THIS IS CORRECTION OR HALT IN TREND WE CAN SEE UP MOVE IN FUTURE BECAUSE BEARS WERE UNABLE TO BREAK 11300 SUPPORT BULLS ARE STRONG THERE. EDUCATION PURPOSE ONLY.

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WE CAN SEE THERE IS CLEAR BREAKOUT IN NIFTY BECAUSE NIFTY MANAGED TO STAY ABOVE 11300 LEVEL. TODAY'S CANDLE SHOWS THAT THE STRENGTH EXIST IN TREND BECAUSE IT SHOWED GOOD RETRACEMENT FROM DAYS LOW. ONLY EDUCATIONAL PURPOSE.