As per my previous week review 7750 is the crucial trends
changing levels. Last week low 7561, closing 7592. Now Nifty is showing quite
bearish. But not confirming . 7500 below indicating confirmation. Above 7650 at list 2-3 days closing good for
buying for target 7740-7860-70-80.
So, as per chart reading trading points is –
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Trade with short term target with small Stop loss.
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Above 7650 Buy with stop loss 7590 for target 7740-7860-70-80.
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If you like to sell then must be use stop loss
of 7765 & sell @ 7690-7700 levels for target up to 7500-7425.
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