Nifty (7790) we said ‘technically the market is still up as long as 7750 holds though stretched for a potential reaction’ the market unfolded with a reaction as expected but has so far managed to stay above our crucial support of 7750…we are now into a F&O expiry week with a Tuesday being a holiday…we should expect a volatile week with a logical target of 8000 zones if it goes up an dips until 7650 also is not ruled out…
The support for Nifty is it 7750-7650 and the resistance to the up move at 7860-
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