Hi All,
After crossing 7930 level and
sustaining above it, markets rallied further by another 100 points. Now there
is a big resistance zone from 8060-8230, and markets are likely to face some
tension here, so it’s better to be a bit cautious and conservative.
If you have taken positions near the lows of 7770-7800 for this rally then it’s time to book some
profits as markets are nearing multiple selling zones of
8060-8090-8165-8200-8230.
However, going short without any
confirmation will also be not advisable.
Cheers....
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