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Below 16950 can trigger Panic Selling pressure.

 

#nifty trading at Fence.
 Bleeds below 16950. 
Resistance 17175. 
Stay alert with stoploss. 
Sustain below 16950 can trigger severe selling pressure. 
Options Data favoring Bears.
 
 #investing  
#tradingview 
 #nifty 
 #elliottwave
Regards,  
Suryadev Bandari
Research Analyst


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