After a sharp up rally nifty looks a bit tired. and that is quait normal after such a movement. now it ll try to make a new trend. its present chart formation indicates that there ll be a range bound movement of nifty spot for comming week. but one thing we should keep in our mind that this week is settlement week. nifty ll face a strong resistance around 2850 level and has a storng support arounf 2690. for any further trend nifty must have break those levels.
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