As we can see NIFTY recovered strongly influenced by RIL result but we are still weak below the supply zone hence unless the high is broken every rise can be sold unless the high the broken then a strong uptrend can se been in NIFTY as it can be seen forming an inverted head and shoulders pattern and its neckline has been tested multiple times now hence any closing above the given structure could show unidirectional rally so plan your trades accordingly and keep watching.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.