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| NF forming Bearish Harami in Daily chart |
Correction has started and I believe it is not a Bear market rally. This correction can go upto 21SMA=5354. NS closed below JNSAR, please follow the rules for JNSAR below. Today's JNSAR is 5505 and if NS does close hourly basis above JNSAR then go long with a SL of yesterday's low of 5461 and if NS does not close above JNSAR then go short with a SL of 20 points premium to JNSAR.
In NF chart bearish Harami is poised as a Doji with bearish stance. Yesterday's close was expiry of February too which was almost 5480 i.e. weekly 50% FIBO. 5484 is good support line as per 30 min chart(nearly 10 days) 5494 is WEEKLY CAMARILLA L3. Please check calculator page for CAM levels.
2-40 pm IST Update
Nifty spot holding 5410, though it made a low of 5404. But I can not understand this huge premium inNifty Future. Now this level is super buy level I think. Make a SL of 5377.
TT Data has been updated.
Before Trading please see the Golden Rules and TT Data
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