Nifty has closed above the falling trend line for the first time since 5 Months but to make the further move confirm it should cross the level of 2945-2950 levels.Failure to cross the level at 2945-2950 will take to 2805-2810 levels.Trading below the level of 2805-2810 will take it to 2760-2765 levels.The William R indicator has settled in the overbought zone which not the good sign for the taking new buy position in the nifty.
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