I was expecting today's rally of more than 60 points to take place on yesterday, but Nifty suddenly fell down sharply in the latter half of the session and held on to the WHITE line and just closed above it. This sudden pullback of Nifty might be due to expiry day yesterday. As per the charts Nifty is about to break out of consolidation zone and has more upside from current levels.
The crucial resistance for Nifty SPOT is now seen at 7605 and above this 7635.
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