Nifty 8778. is probably making a lower high, trading in a side way market for the last 2 weeks, making 2 spinning top on weekly chart. Today's closing above 8796 is doubtful. above 8796 can go 8820
Only trade above 8822 for a higher target 8860_9000 below 8780 target 8710. and we can correct more. (This was a previous note too)
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Nifty crossed the lekshmanrekha
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so it is happening the other way, making a higher high and coming down