Is Today the right time to buy Nifty?

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Nifty Spot View: 29/09/2022
Cmp: 16858.60
Support & Downside Range: 16800—16750--17640
Resistance & Upside Range: 17060—17120—17176—17200 zone.
Short Term Trend Reversal Level: -- 17429.70

Nifty Tip

Trading View : After ECB buying bond news gave global bulls to bounce back from oversold zone, in today's trading session a monthly expiry day key level to watch is 17060—17120 spot zone as resistance if bears able to defend this zone then we may see expiry good case between 17060—17120 and worst case below 17060 spot, whereas if bulls able to cross and sustain above 17120 after 2.30 pm today then expiry can be seen between 17175—17200 zone.

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