Hi All,
As per the earlier post, Nifty
rose and took a resistance near the first supple zone near 7980-8000, and
retraced sharply to below 7800 levels.
However, Nifty now trades at a
crucial Trend line support and a close below it (i.e7770-7750) can take Nifty
to < 7700 levels, though 7700 will be an important support to watch out for.
Traders need to be cautious on
the Long as well as short side as markets are trading near vary crucial support
Cheers
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