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It was a Choppy trade in Nifty ahead of RBI's Monetary Policy tomorrow. Since no Major Movement and also we have discussed a lot in last week, lets look into a very close look at in 5 min Chart about whats happening in today's move.
Above chart is a 5 mins chart - forming a 1-5 movement. The Count invalid below 6045 or to say it as a Intermediate Reversal.
Since FOMC meet also to be held for 29th and 30th of January, there can be a lot of Volatile due to news flow.
Support 6051 and 6045
Resistance 6083 - 86 and 6105
Lets See!!!
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