Daily Chart
Good follow up bullish candle breaking out of the short term down trendline.Resisted at 23.6% retracement level of fall from 5400-4432. Next resistance zone at 4800.20 ema at 4797, fibonacci cluster at 4818 as shown on half hourly charts below.If manages to cross the resistance then could target 5100.
Half Hourly Chart
Half Hourly Chart
A rising wedge formed.This is a bearish pattern. Nifty resisted today at it's resistance line.Resistance for the day is at 4743-4777.Trade long with a stop at 4646-4710 for the day.
Update:Jan 5100 CE closed unchanged at 31 rupees
u need to give reasons for palti and what further.
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