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Nifty weekly analysis for 15/07/19

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After sudden fall of 3 days nifty lost 520 points and then recovered little bit. On Friday it has closed on red line. For upper breakout it has to close 3 days above red line. Else it will reenter in channel. It has taken support on long term support line and if low of 11461 is not broken then nifty may go up.

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