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#Nifty50
Once again, Nifty has failed to close below Support-1, indicating that buyers are still active at lower levels.
The high volume seen on the recent red candles suggests strong absorption and accumulation by smart money rather than aggressive selling.
As long as Support-1 continues to hold, the possibility of an upside move remains intact. The key confirmation will come from the weekly closing, which could provide a clearer signal for the next directional move.
Patience is required—price action around support and the upcoming weekly close will be crucial.
#Nifty #StockMarket #TechnicalAnalysis #SmartMoney #PriceAction #ChartSeekers