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Nifty likely to find support at 10,276; 3 stocks which could give up to 17% return

Looking at the weekly chart formed last week, Nifty formed a Bearish Engulfing pattern and the impact of the said pattern was clearly seen in this week.

As discussed in our last weekly article, Nifty50 respected the 161.8% price extension of its entire move from 2001–08, which pegged near 11,163 and turned sharply lower after posting an all-time high of 11171.55.
The Union Budget 2018 verdict played a catalyst role and Nifty tumbled more than 800 points from the Budget day’s high. In that pessimism, Nifty hit a low of 10,276.30, however, that said, the low coincided with the 78.6% retracement of its previous daily swing move which resulted into a relief rally in past two trading sessions.
Looking at the weekly chart formed last week, Nifty formed a Bearish Engulfing pattern and the impact of the said pattern was clearly seen in this week.
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