Nifty has been in corrective mode and as i have been re-iterating,
all the rallies need to be sold into.
Today we had a Bull Trap, where it looked as if the market had
reversed and finally it was even able to break 8700 on intraday
basis.
Now market will move towards 8630-8650. After this the next
halt is at 8570 and later 8530. These are all important levels to
be watched.
All global markets are also topping out and may create more
pressure.
all the rallies need to be sold into.
Today we had a Bull Trap, where it looked as if the market had
reversed and finally it was even able to break 8700 on intraday
basis.
Now market will move towards 8630-8650. After this the next
halt is at 8570 and later 8530. These are all important levels to
be watched.
All global markets are also topping out and may create more
pressure.
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