Nifty (8109) we said “technically now 8050-75 zones has become a resistance zone and downside to 8005 is possible” the market opened in the green and traded lower and closed flat for the day…technically the market still looks weak and now if it breaks 8064 then it could head down to 8005 or even 7937 but I would maintain that 8175-8200 is a stiff resistance zone to work with…
The support for the Nifty is at 8005-7937 and the resistance is at 8240-8200-8275
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