NIFTY on the daily charts have retraced good bearish divergence. Yesterday's market moves showed some weakness and today after a good move upwards, it has began to tank. A long awaited correction on the Nifty has begun now. With not many stocks holding strength to take Nifty further ahead, this correction will give the next fillip for the index to move up, if there is going to be strength. Else can go down hill, but for now long trades on the lower time frame is over with a considerable gain.
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