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Nifty

Nifty 50 Spot

gave a sharp short covering... on last friday after heavy sell off from FII

amidst China stimulus and US mkts daily making all time high...

Also the results season kicked in with not great numbers.. and already in my view the valuations are too high for nifty.

i Still feel technically Nifty's structure is not bullish....but becoming bearish..

for oct we sud close above 25335 eith huge volumes for uptrend toe continue...

You can see important reversal points for sellon rise with a SL above 25335 on D/W closing basis...

follow for more updates..

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