For past sometime Nifty has been falling in the Parallel channel, forming LL and LH combinations. Earlier it tried to cross above the channel resistance twice but failed to sustain above it, and brought the price back into the channel, recently it managed to cross the second channel resistance and comfortably finding support at the first resistance( which became the support now). The first Immediate hurdle for Nifty is 14756, secondly, if it manages to sustain above 14874 we might see it touching 15000 in short term.
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