For three successive weeks, the high-low range of the benchmark Nifty index continues to shrink. This contraction indicates a slowdown of the underlying momentum. Yes, the momentum is slowing down, but the price is not reacting to that. In other simpler words, the trend is still strong and up. Strategically, in this situation, it is prudent not to go aggressively bullish and focus more on short-term hit-and-run trades.
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Негізгі бет Nifty this Week - Weekly range keep Contracting - 05 Jan’24
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