If u look at the chart the ROC and MACD havnt broke the horizontal line 15-20 days.
On weekly basis the chart is taking support at 200 MA of 4822.
Price is forming into a Expanded triangle formation.
if nifty sustain the level of 4822 then a positive movement can be seen.
If we look at the current senario of GLobal Market there is no news that can pull the market up.
Negative data of US, China and Euro COuntries have surrounded the market.
Techinically if current level are supportive but if market fails to sustain then range of 4700-4600
can be seen.
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