Will US-IRAN deal bring respite ?

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As we can see NIFTY failed to sustain itself at higher levels and fell, showing bearisness, exactly as analysed in our previous post. Now strong talks going on between US and Iran can lead to big gaps in opening but the closing should be taken into account. If NIFTY manages to close above 23400, we may see NIFTY turning bullish. Else we can expect NIFTY to remain bearish in coming trading sessions. So, plan your trades accordingly and keep watching everyone.

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