Nifty: Resistance 3131/3160/3220
Support 3092/3070/3029/3005
View: Nifty corrected from higher resistance zone & then took a sharp bounce from lower support area & closed flat.
Short-term momentum is up & Long-term is down.
Detailed View:
Above 3440, downtrend may breakout & we may see fresh rally Else we may see correction at any time. So profit booking at all highs is must till above level is not crossed satisfyingly.
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