Nifty daily chart portray’s consolidation range of approx 520 points. The Index stuck in this range[8060-7540] from the past one month.
Index tested twice resistance[ lower band of Falling Gap( 8255-8060)].
Index even tried to hold previous swing low support zone [ 7760-7800]
Further Daily support are at 7540-7590].
Hence, it seems to stay range-bound unless we see a breakout from this range[ 8060-7540].
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Let's move to the hourly chart for grabbing harmonic probabilities.
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