on weekly chart NIFTY is forming a rounding bottom like formation with a strong bias towards up side as the crucial UP election results are out NIFTY should ideally break into a roaring bull phase !
As of now bulls and bears are resting at the range of 900-8900 level
if this pattern shows a break out we can see nifty climbing to dizzying heights of by hitting 10,000 in 3 months ..but again that is an ideal scenario
20 Ema & 50 Emas are miles apart signaling bullishness
NEXT Support : 8700
NEXT Resistance: 9130
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