Hi All,
After a sharp run on Monday and a smart
pull back yesterday, Nifty did not cross the levels of 7900.
As posted earlier, the bias would have
changed to positive only and only above 7900 levels, which didn’t happen.
Now, SGX Nifty is down by more than 125
points, suggesting a weak opening for Dalal Street.
Which means Nifty is likely to open near
the Rising Window zone near 7738-7753 which will act as a crucial support for it
going forward, the bias for short / midterm will change negative below 7670 (the
possibility of which looks skimpy) levels.
The opening fall in markets can be used as
buying opportunity provided we have some bullish confirmations on charts..... I
will update you the same.
Levels to watch out for –
Supports – 7830-7800-7750-7710-7670
Resistances –7890-7950-8000
Cheers - - -
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