NIFTY ( FUTURES ) has given a close at 8776.35. As we
have rightly mentioned in yesterday’s post, it maintained it downtrend as it
has closed below 8820. The condition has not improved or there is no
significant change in the overall scenario. The chart below is showing a
perfect picture about the levels discussed yesterday. The levels
and strategy
remains the same. If the downtrend continues, 8720 and 8660 are clearly
visible. If NIFTY trades sustainably above 8820, we can expect some up move. Further
levels will be discussed later, at this point in time, keep these levels handy
and trade accordingly.
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