Nifty (7721) we said ‘now some more short covering could possibly take it to beyond 7840 too…will it’ well short covering was witnessed too but it could not sustain the upper regions and the market closed in the red negating the earlier days move…now if Friday closes low then we could possible see more downside in the days to come…strong resistance exists at 7800
The support for Nifty is it 7750-7650 and the resistance to the up move at 7800-7860-8056
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