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22 May 2014: Nifty Elliott wave analysis: Yesterday’s low was near to 38% support band of the rally. Break below 7200 on Nifty will give us a dip towards 7130-7100 levels. On higher side, new up move will open only above 7350.
21 May 2014: Nifty Elliott wave analysis: I still feel that consolidation will continue for now. Technical support will be at 7240 and resistance will be at 7325. Be cautious from long position on newer momentum stocks.
20 May 2014: Nifty Elliott wave analysis: Consolidate likely to continue. Technical resistance will be at 7325 and support in the range of 7130 to 7080. Do not jump at higher levels. It may be dull day after higher opening.
19 May 2014: Nifty Elliott wave analysis: Even is over but bullish hangover will continue with consolidation. Technical resistance will be at 7325 and support in the range of 7130 to 7080. Do not jump at higher levels.
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