Previous close price level supported bears and Nifty spot closed below 6000 level ...
Previous close level works as support/Resistance level for next days price move ….If price is above the close price …then close price …plays the role of support level …if price moves below the previous close …then the level changes its role…means now it will play a role of roof /resistance to price move… as you can see in the chart and analyse yourself...
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