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Stock Market Testing Patience

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It’s been a month & stock market are trading in Range, and testing the Patience of both Buyers & Sellers. If we see the Stock Market is giving the chance to both Buyers & Sellers to sit for the next roller coaster action.

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During analysis we found at present Nifty is approaching initial important support area. 

Which lies at the 11520-11495 Range, this Support area can again give Energy to Bulls for further rise.  

If Bulls failed to hold the Range of 11520-11495, then further decline is possible for 150-250 pts.

It’s essential to note here 11520-11495 is only initial Support area, not the major one. 11050-11000 range is the major area of Support for Bulls, but it’s quite far at present. It’s good to make a note of essential levels before the result declaration.

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About the Author

Divesh Jotwani is a Full-time trader in the Indian stock market. He has spent over 20+ years researching and discovering WD Gann's methods and applying them day in and out markets.