Nifty (8300) we said ‘technically Nifty is in a sell mode with stiff resistance around 8430 zone and downside open’ the market opened with a bear gap…traded lower and closed in the red…technically we are in bear mode and down side is open and logical target could be 8198…we could also wittiness high volatility due to F+O expiry week with a stiff resistance around 8430.
The support for Nifty is it 8289-8189 and the resistance to the up move is at 8430-8520
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