● We can see nifty is now trapped in between support 8200 and resistance 8280 in short term charts
● Break through only can decide the further trend in market
● Being an expiry week we can see volatility in market
● Nifty has shown gud move after it took support from 7940
● Some amount of cooling off is expected in nifty
● We have to watch where it takes support this time
Positional view
● Close abv 8364 and maintain is important for nifty to reverse from its downtrend
● Break abv 8500 will bring the uptrend in focus
● Break below 7940 will again keep us in downtrend
No comments:
Post a Comment