Hi All,
As expected,
Nifty took support near 7700-7715 mark and rallied again till the resistance
areas of 7820-7860....
Since the
area of 7820-7860 is used multiple times now, once can expect Nifty to surpass
the same this time, however, 7860-7870 levels as per daily charts are hurdles
(super trend resistance) and markets need to cross that level convincingly.
Supports on the
lower side are intact near 7770 and 7730-7700
An either side
move can be best expected only after breaching the aforesaid levels on either
side, i.e. 7870 on higher side and 7700 on the lower side.
Cheers
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