Nifty (8520) we said ‘uptrend still intact and crucial support is at 8400’ the market opened with a bull gap and traded lower to close flat for the day…technically the trend is still intact but stretched and has very strong resistance at 8578 and if it continues its journey up then I would extend the target to 8628 again a very stiff resistance…the first sign of weakness would be the breach of 8480…
The support for the Nifty is at 8480-8400 and the resistance is at 8578-8628
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