NIFTY 50 future TRENDS

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Weekly Chart...flag pattern ........

Weekly close is lowest of this down move from the top of 5630 in 8 weeks.. and closed below 5280 Upper TL tested thrice never be able to break thus makes the down slope (ascending flag ) still have chance to go down till 4980 ....but any break out on the upper TL now at around 5320 will lead to sudden spurt to 5500 levels.
Weekly Pivot placed at 5233 one can take this level as center point to trade watch out 5190-5130 are very important support levels.
My view is Nifty may end it's correction in a week or Two and we can expect decisive move by Next Month.


Daily chart symmetrical triangle,
 
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