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Nifty closed below 11426 support level, Down momentum to continue further towards..xxxx.

As per forecast in last update, nifty closed upward gap between 11426-11591 range. Friday filled gap and closed below it. Now major trend has turned down and likely to continue further towards 11300. Below 11300, next downward target is xxxxx. (available to paid subscribers).
Regards,
Suryadev Bandari
Research Analyst.

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Market likely to take a PAUSE.

 After our update, Nifty rallied from 19225 to 20095, it appears that, nifty likely to take a pause before another rally. Technically , Negative Divergence formed in Hourly charts. Five inner waves appears to be completed as per Elliottwave Perspective. Several other parameters indicating that markets likely to cooloff from over bought position. It's time to be cautious on taking fresh long positions.  As far as possible, keep booking profits, at least , partial profit booking and keep strict stoploss to remaining long positions. Key supports to watch 20000-19870-19700.  Resistance 20100-20200. Regards, Suryadev Bandari Research Analyst