Mighty Nifty - Analysis for Jan 16
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Price has formed a rounding bottom pattern in lower time frame. Buy above 17960 with the stop loss of 17920 for the targets 18000, 18040 and 18080. Sell below 17880 with the stop loss of 17920 for the targets 17840 and 17800. 17920 - 17960 zone decides the trend direction.
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