Nifty hourly chart
Nifty has reached a major trend line resistance in hourly chart . Above this level Nifty can continue the rally .
Nifty medium term trend
| Trend | UP |
| Initiation Date | 05-09-13 |
| Initiated at | 5592 |
| High Since Change | 5592 |
Medium term trend has turned positive . We are expecting at least 200 points rally from today's close
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