Nifty (7796) we said ‘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 market unfolded as expected and assaulted the all time high and reacted too but yet closed in the green….technically the trend is still intact up as long as 7750 holds…a reaction is not ruled out…
The support for Nifty is it 7750-7700 and the resistance to the up move at 7809-7860
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