Nifty Bearish outlook

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As mentioned in my previous studdy, Nifty made a reverse cup and handle pattern which is support around 11750 levels. We may see some correction in index if it broken this Support level and may touches the level of 11500 as early as possible. If sustain above 11750 levels in coming days and all global market may support we may saw an upside breakout of 12300 levels. Levels for watch in coming days is SUPPORT-1@11750 & SUPPORT -2@11500 levels.

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Book profit around 11480 levels ... strong support at 11470 levels. Nifty may bounce back from here.