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S&P CNX NIFTY (4,714.00 ) -19.85 -0.42 %
Nifty broke from the falling channel on the daily and the upper targets of 4878 has opened barring a small resistance at 4819.Ofcourse the low of 4531 is a stop for any longs.
NIFTY DAILY CHART
On the Weekly chart you can see Nifty testing and taking support at the lower channel.
NIFTY WEEKLY CHART