Markets in bad mood.....

Hi All,

Markets witnessed a heavy sell off today on account of Trade Fire between South and Korea.

Now key levels for short term can be 8300-8350, below these levels further downside can be expected till 8180-8200.

Short term bias remains up till the time 8300 is held and midterm bias is held till the time 7900-7940 levels are intact

Nifty forming a Symmetrical Triangle on daily charts. A close above 8621-8630 or a close below 8300 will decide the further course of action....

Cheers