Nifty range shifted down. Bulls and Bears fighting for 11550 level.

Nifty breached 11680 supporting trendline and trading below it. Now Bulls crucial support is at 11550 spot level. Bulls failed to hold opening higher levels and fall back below 11600 level. Now 11550 spot level plays trend deciding level for next direction. Once this support breaks down, today or tomorrow, bears likely to steer the market.
Suryadev Bandari
Research Analyst

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