July 15, 2017

NIFTY weekly charts

- another breakout on weekly charts
- nifty gains 2.3% this week
- increasing swing low support to 9400
- faster retracement of this 3 week rally will mean trend reversal
- till this happens consider trend as up.

On daily charts, breakout has happened along expected lines. Remember the triangle I was writing about?

Now in the event of any correction, expect support at 9700 levels.

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