Bulls held 11052 support level, now trend looking strong towards 11300+ level.

Yesterday, 22-07-2020, nifty opened higher and faced profit booking till 11052 zone.
There Bulls entered again to held that support. from there, we see continuous rally again today.
Yesterday's low not tested again and moved above 11200 level.
It looks like yesterday's pattern as a-b-c corrective pattern. Hence one more impulse wave due from here with 5 inner waves, which can take nifty higher to 11300+ level.
avoid short selling untill nifty give clear trend reversal signal in price chart.
Till then follow the trend, i.e ., up trend.
Suryadev Bandari
Research Analyst

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