It was a massive correction in the last two sessions. After testing the crucial level of 4580, Nifty went on to test its 20 DMA at 4470 and almost closed a shade above that.
As mentioned earlier, the view remains bullish and the market can also move on to see a new year high soon to the levels of 4867 and above.
At the time of writing this SGX Nifty is already quoting at 90 point plus and a gap up today is also not ruled out immediately trapping all those late bears of friday.
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