Hi Friends,
As mentioned in my previous post Nifty took Support near 7896 and gave a sharp Rebound. Nifty broke the resistance of 8110 and tested 8212. Nifty has taken Support at the 50% Fibonacci Retracement and formed a Double Bottom near 7900 with Positive Divergence on RSI. All these are signs of possible Trend Reversal.
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