Might be a pause for Bulls!!!

Personal View : Mayur Shah Education Instructor

Nifty was trading in the overbought area and was trading at daily resistance of 7560-7600 levels and its closed below 7500 mark.

Bulls trade with strict stoploss as it have given a Negative Candle Divergence on daily chart and a break below 7440 - 7420 levels will lead Nifty to fall down till 7390 - 7350 - 7300 levels.

Bias will be Negative if Nifty break 7400 and settles below it for some time.

Trade with Stoploss and with Proper Money Management.

Regards,
Mayur