Nifty has broke its 200 DMA today and sustaining below it, As soon as its close below 17350 and 17250 levels we can see selling further. But if it bounced back and sustained above 17350 levels then we can see a upward rally till 17900 levels
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Nifty broke 200 DMA and sustained below it. As said, a close below 17350 will bring further selling. Nifty on 28th Feb closed at 17303 levels. Now its at trend line support. A close below this level will bring selling further.
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Nifty consolidated near its 200 DMA and rallied towards it. On first comment of the post nifty is holding above 17350 and ralling towards high
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as suggested on 1st msg if nifty sustained above 17350 levels then it may rally to 17900. Nifty has touched 17800 mark. So for now new support is at 17600 and resistance is at 17800 levels for spot.