Hi All,
After creating a bottom near 7700 levels
Nifty rallied sharply for 2 days and closed yesterday near 7950 mark (7934.90)
Going forward, nifty will have a stiff resistance
near 7990-8000 levels which acted as a hurdle for bears as a psychological
level.
Any long trades should strictly folllow a
trailing stop loss, and short trades if any should be with tight stop loss
above 8000 levels on Nifty spot.....
Cheers
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