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Nifty In Technical Charts: Still A Pullback In An Uptrend

Rallies towards 20,000 may see supplies emerge while dips towards 19,200 would see buying emerge, says CK Narayan.

<div class="paragraphs"><p>(Source: Nicholas Cappello/Unsplash)</p></div>
(Source: Nicholas Cappello/Unsplash)
In the last week’s letter, I wrote about the shaken sentiments and how they differed between the indices and the stocks. This situation continued into the week that just ended. The indices did take a knock—that was on the cards anyway—and the reason for that was the prices of both Nifty and Bank Nifty running slap into resistance of the pitchfork that I have been featuring for the past few letters. Here is the updated picture of the ...
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