Nifty weekly momentum turning negative after a gap of 12 months.

Key take aways

·         Nifty weekly momentum turning negative after a gap of 12 months.

·         Nifty best case pull back to last till 4850.

·         BSE Metal index likely underperformer; target 13300.

·         DXY gearing up for 83-84.

·         Nifty volumes contract in the recent pull back.

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