Nifty breaks finally !

This week nifty broke its contracting stint with a large gap down which was more or less anticipated as U.S elections garner the heat with the candidates going nearly head to head according to recent polls.
The gap down was followed by more incremental selling pushing the index to test its support signaled by the short term trend line which it held on week’s closing basis.
Coming week, a massive whirlpool of events might either push the index towards its 200 DMA or a significant pullback to its trading range which it was enjoying from past many days.sp-cnx-niftydaily20161106045210


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