After going through some volatility last week, markets were kind enough to allow us spend Diwali with a smile with Nifty returning (+2.27%). You can notice how this time there is some intense consolidation and volatility around the trendline indicating the presence of buyers potentially coming into action. Nifty took support at 200 DMA and has bounced above the now famous trendline. 18000 has been an important resistance zone breaking which we may see a strong upward trend.
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