Nifty (7613) we said ‘technically now 7770 is the crucial resistance to deal and the market is down as long as 7770 is not taken out’ the market traded lower and closed in the red as expected…technically the market is stretched on the downside and so a reaction is not ruled but no sign of strength as yet and there exists a support around 7550…
The support for Nifty is it 7550 and the resistance to the up move is at 7700-7770
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