Nifty (7603) we said ‘now if Friday closes low then we could possible see more downside in the days to come…strong resistance exists at 7800’ the market traded lower and closed in the red indicating more weakness in the days to come…now any up move that we may see would be viewed more as reaction and shorting opportunities…
The support for Nifty is it 7500-7420 and the resistance to the up move at 7700
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