Nifty (7768) we said ‘technically the bar generated for the day is an indecisive bar and capable of stalling the up move…but if the market proceeds up then the logical technical target then would be 7730…from a trading perspective I would watch the breach of crucial support of 7600 and trade long as long as that holds’ the market unfolded strong and traded above our crucial support of 7600 mark and closed in the green…technically now the market is stretched and so a reaction in day or two is not ruled…we are just close to the all time high of 7809 and there is a good possibility that 7809 is under assault…now from a trading perspective I would trade long as long as 7700 holds…
The support for Nifty is it 7700-7600 and the resistance to the up move at 7809
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