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Nifty above upper Bollinger band showing over-extension of trend
MACD showing overstretched rally
Nifty may test 20,150 level
Strong bullish momentum likely
Nifty may face resistance at 19,827pts
Nifty forms another Hanging Man candle
Charts indicate indecisiveness
Positive bias above 19,453-19,483 zone
Nifty at conjunction of 20& 50DMA
Nifty back into sloping channel
MACD indicates declining momentum
Consolidation may continue till F&O expiry