Yesterday we have given in our blog that it will kiss 2940-2950 just see it touched the resistant line and fell back.For today the support is placed at 2860-2880 which is the previous breakout point.Below the breach of the 1 st support level another support is placed at 2830-2835.
We notice that nifty is moving in parallel channel projecting the target of 2795-2800 in coming trading session.The MACD has also turned down in the hourly chart but haven't crossed yet.if crossed panic fall is expected.
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