As we mentioned in earlier blog nifty crossed 4539 but failed to managed that level and in the downside it sliped to our critical support level 4159.
Todays intraday low is 3799.
So, as per our recommendation nifty had touch our low target of 3790. All the credit goes for technical analysis and charts.
What NEXT ??????????????????????
As per intraday movement Nifty had taken support at 3799 and currently trading at 3901. If nifty can manage above this level for next 1/2 hr, watch out for rally up to 4000.
Downside risk:
If nifty trade below 3833 be cautious for next few trading days.
Thursday, September 18
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