Nifty has strong support at 14,400-14,200

Nifty on the weekly chart has formed a negative candle at the highs, which signals inability of the bulls to maintain the highs. After the upside breakout of down sloping trend line resistance in the previous week, Nifty slipped into weakness last week and is now placed at the previous upside breakout area of around 14,650- 14,700 levels.

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