Hi All,
Thanks to the good news for banks, Nifty scaled to to even higher levels and almost hit the century in the early trades today.
However it gave away almost all gains to take support near 10770 levels...
Though it's a bearish candle which looks like Bearish Separating Lines pattern, on daily charts a 50 60.points pull back by bulls do not give a sense of negativity yet.
Coming trading days will be crucial. Bulls have to definitely cross today's high near 10900 to continue their strength... Else bear can get an upper hand....
Cheers
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