Hi All,
Markets were very uncertain for past couple of days but with the list of mixed cues they did not break crucial supports near 7940.....
Currently Nifty trades at 8047 and looks like if 8162-8200 is taken out nifty should not have any hurdle before 8500 at least.
As per simple Down theory, Nifty should close convincingly above 8125-30 mark to start its journey to higher levels of 8200-8500...
Lets wait and watch, a low risk high reward (however a moderate level of probability) trading opportunity...
Cheers
Hrishi
Markets were very uncertain for past couple of days but with the list of mixed cues they did not break crucial supports near 7940.....
Currently Nifty trades at 8047 and looks like if 8162-8200 is taken out nifty should not have any hurdle before 8500 at least.
As per simple Down theory, Nifty should close convincingly above 8125-30 mark to start its journey to higher levels of 8200-8500...
Lets wait and watch, a low risk high reward (however a moderate level of probability) trading opportunity...
Cheers
Hrishi
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