Hi All,
Nifty opened up with a gap yesterday,
however, gave away all its gains, went in to negative territory, and finally
closed flat near 7919.
As posted yesterday, 7950-60 will be the
key levels to watch out for further upside, above which the psychological mark
near 7980-8000 will act as important resistance.
Nifty on daily charts had given a Hanging
Man Pattern on 18th April, and a close below 7840 could mean further
pain for bulls.
On the lower side 7900-7870-7840 will act
as good supports for Nifty.
Cheers
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