Hi All,
After rallying up away from the bottom near
7788, Nifty settled near 7850 on Friday’s closing.
As mentioned in earlier post, for rallying
further, Nifty needs to sustain above 7850 mark for a while.
On the lower side 7820 and 7780 will be
very crucial supports where as on the higher side 7870-7890-7920-7950 will act
as resistances.
The bias for the market will be cautious
and I will initiate a trade after favourable chart confirmations.
Cheers
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