It can be seen on a Positional Basis also that Nifty has broken the 1030 min Exponential moving average and therefore it was a sell at the point of 4120.
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Disclaimer: Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible for any legal or financial losses made by anybody.
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