Hi All,
As expected the markets broke the crucial
levels of 7580-70 and went down further till 7535-40 levels.
As mentioned earlier, Nifty is now likely
to target the Rising Wedge target near 7400-7410 levels in coming days,
provided there is no bullish confirmation on charts in the meanwhile.
The levels to watch out for –
Supports – 7515-7470-7400
Resistances – 7610-7650-7700-7750-7780
Till such time we do not have any bullish confirmation
on charts, Nifty will be a sell on rise story....
Cheers
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