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Nifty prepping for whipsaw on Brexit vote?

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Ahead of Brexit vote, Nifty seems to be prepping for a whipsaw action. Chart below:

nifty triangle

Nifty may be in a triangle correction as part of wave 4. There is a possibility of prices testing the 8350-8400 zone if a breakout from this triangle materializes. Such gains though may be sharply reversed back.

On the downside key support is at 8154.

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