Likely end of Pullback rally in NIFTY from 7500 to 9000-9400.
Very disappointing pullback rally. We expected a rally towards 9900 (50% retracement). It ended at 9400 (38.2% retracement).
We are expecting a consolidation between 8400-8650 in next 2 weeks. We will be bullish above 9050 from next week.
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