Nifty Spot has reached 50 DMA support and today is the 2nd day of the fall from 11523.25 and we have seen a pullback for 2 days after a fall of 3 days. The pullbacks came about at some point of the third day. Expect a pullback some point of time tomorrow if Nifty chooses to follow the same as before rule. It seems 11250 will be broken for sure. So, we can expect a pullback tomorrow at some point of time or Friday, Thursday is a holiday. The pullback will confirm the structure.
Nifty may stage a pullback from here as well so stay cautious as well.
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