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Indian Market Review

all dressed up and nowhere to go .........

Markets are in a consolidation mode after the steep runup and trading inside a Falling wedge. Volume activity is supporting the price pattern. Additionally it is taking support near the 38.2% retracement of the whole rise. The EMA's are in a bullish setup.

> If the support zone of 5970 (green line) & 5940 (38.2% retracement) HOLDS ........... we will go places.

Click to enlarge