Hi All,
As expected, Nifty respected the levels of
7840-50 for a while on Wednesday, however comfortably surpassed it and closed
marginally above 7850.
Now, as mentioned earlier, it’s likely to
start its journey towards the next pit stop near 7970-8000 levels.
We will initiate a trade
provided there is an evidence on the intraday charts.
Levels to watch out for –
Supports – 7840-7815-7790-7765-7700
Resistances – 7880-7910-7940-7980-8000
Cheers
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