Nifty

SGX Nifty marks a positive start. The nature of the market is neutral to bearish. There was a strong pullback and my view is that the market may open a little bit gap-up. But, it won't sustain. If the opening candle is rejected, we expect consolidation to the correction. On the other hand, if the market opens a sharp pullback, we expect consolidation to be the continuation of the pullback.
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