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Nifty @16370. still bearish...

Nifty continuing it's down move 
Today it completed minor abc correction pattern from 16244 to 16394.
Now 16150-16060 zone under risk.
It can break down anytime soon.
Protect longs with stoploss.
Avoid fresh longs.
Reduce long exposure.
Regards, 
Suryadev Bandari
Research Analyst.
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