In continuation of my earlier article on fridays action for NIFTY. Weekly chart shows a possbility. We had consolidated in the shaded zone for quite some weeks. We formed a double bottom as well with far lesser momentum which then ensured that the bottom remains.
Now Nifty broke out last to last week ans since then has tested this breakout and closed the week at critical points of 5169. Now incase it wants to go higher then the last weeks low 5142 should hold out and we will see the levels of 5350 again...
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