Nifty Weekly Chart

Nifty CMP : 3234.9

As per the trend channel shown in the weekly chart. Nifty is a Buy Only above 3250.

From the figure it is witnessed that nifty has broken its blue trend channel and now

started trading between the red trend channel. Failure of nifty below red trend channel

will initiate continuation of long term selling pressure once again. If mangage to Nifty

close above 3250 will target 3800 and 4000 in short term

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