Nifty (7511) we said ‘technically 7500 is still a make or break well’ the market traded sluggish and closed in the red just above our crucial Make or break level of 7500…we are now into F&O expiry, the structure near the highs is a bit negative and the setup in the making until Friday is typical water fall pattern and now if it breaches 7500 then we could have a big down move even until perhaps 7250 or lower…the question is will it…only a move above 7660 is positive
The support for Nifty is it 7500-7250 and the resistance to the up move at 7660-7877
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