Nifty (7683) we said ‘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 market reacted as expected and has closed in the green… technically the market is still weak and a fresh sell off would come in at the break of 7600 and short covering if it starts to trade above 7700…
The support for Nifty is it 7550 and the resistance to the up move is at 7700-7770
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