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Minor corrective pattern completed at 15170. Now heading towards upper channel line 15450-15500.

As expected in last update, Nifty moved upward from 15220 to 15400 zone 
From 15430 level, minor corrective pattern has begun and it completed yesterday at 15170.
Double correction pattern, zigzag and Flat pattern. 
Moreover, Nifty tested lower gap between 15245 to 15185 zone.
This gap held as crucial support on closing basis.
Now Nifty heading towards 15450-15500 zone.
Major trend up.
Initiate fresh long positions for higher levels 15500+.
Keep stoploss at 15040 for long positions.
Regards,
Suryadev Bandari
Research Analyst
www.earningwave.com

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