Due to poor globe cues nifty was not able to sustain above 2700.Now the 2700 level has become res.nifty has res at 2700 which is a breakout point.On Friday nifty took support 2660 exactly at the trend line.As far as today is concerned we see a positive divergence in hourly chart in rsi which a good signal for buying.Nifty has hurdle at 2700 and we also have 13 EMA placed at 2703 so it becomes strong resistant above that nifty can move up to 2720.If nifty is able to sustain and close above 2730 we could see a big rally,nearly 333 points from the breakout(2730-2750) because of falling wedge pattern.At the same time if it breaks and close below 2630 will lead to target of 2297.
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