NIFTY DAILY CHART: TODAY NIFTY MADE A LOW OF 4984 WHICH WAS THE LEVEL MENTIONED IN MY PREVIOUS POST (i.e 4980)
TRENDLINE SUPPORT: AT 4984 NIFTY HAD TRENDLINE SUPPORT FROM WHERE IT HAS GIVEN BOUNCE AND CLOSED AT 5018
LEVELS TO WATCH: 4985 (IMP) 4960( 200 DMA) , 4953 ( V .IMP 61.8% FIBO LEVEL )
200DMA : NIFTY HAS CRUCIAL SUPPORT AT 4960 WHICH IS 200 DMA
India’s July-September current account deficit more than doubled from a year earlier after imports accelerated while crude prices surged, as per Reserve Bank of India report.
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