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Nifty may resume up trend; BUY MAS Finance, GMM Pfaudler, says Vinay Rajani

The technical & derivative analyst from HDFC Securities expects Nifty to find support around 18,100 for now.

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Vinay Rajani Mumbai
Nifty View

The Nifty has been finding support around the previous breakout levels of 18,100. The Nifty is still in the gap area of 18,103- 18,259, which was formed on November 11, 2022. These gaps some time acts as a strong reversal point, considering when few more technical rationales also support the probable bullish trend reversal.

On the week ended November 11, 2022, the Nifty surpassed crucial double top resistance of 18,100 level. The Nifty has now retraced back to the previous breakout level of 18,100 and there are good chances that it finds the support there and resumes the

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First Published: Nov 23 2022 | 8:22 AM IST

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