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Nifty View for 12th February 2018

Nifty (10455) we said ‘technically the upmove from the lows of 10276 to the high of 10638 still looks reactive in nature and so the our target of 10097 is still in sight and stiff  resistance at 10618 & 10724 still exists’ the nifty unfoldecweak as expected and has closed in the red….technically the Nifty is poised in such a way that a shprt covering is not ruled out and is in a no mans land…

The crucial support for the Nifty is at 10097 and the resistance is at 10507-10618

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