Nifty (7955) we said ‘ the market still looks weak and only a move above 8100 could bring some relief’ the market traded lower and closed in the red…technically the market is stretched on the downside and is ripe for a correction if it happens…I would wait for a move above 8050 to go long…
The support for Nifty is it 7938-7844 and the resistance to the up move is at 8050-8100-8150
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