NIFTY is approaching our first resistance at 1159.03 (horizontal overlap resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 11292.70 (100% Fibonacci extension).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price.
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price.
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