Analysis for Newbie's
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Nifty - 24k rejection. Now expecting a pullback before deciding the direction.
Nifty's nearby support is 23900 to 23920 zone. Resistances are 24000 - 24020 and 24080 - 24120.
Nifty is forming a rounding bottom pattern. Important levels are 23400, 23460 and 23520.
Nifty is testing the 23280 zone, which is going to decide the trend direction now.
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