Nifty is in uptrend as per the chart but there is a hurdle between 9000-8900 range due to consolidation and then sharp fall from its previous high which it made on 30th Jan when Nifty opened gap up little above the red line and then fell sharply. Nifty may attempt to touch this red line again making new new lifetime high but this red line line is acting as a resistance and white trend line is acting as a support and nifty is trading between these two since last 9th May 2014 when this bull run started.
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