Market Update :
Nifty bounced from the support levels of 8180 - 8170 levels and now its trading at 8245.
On hourly charts Nifty took resistance of Super Trend which is suggesting that the upward move was limited and if Nifty breaks 8240 - 8230 then we can expect 8180 - 8130 levels in short term, with resistance be near by 8260 - 8270 levels.
One can short Nifty if it breaks 8240 - 8230 mark with targets near by 8180 - 8130 and Stoploss above today high.
Trade with Strict Stoploss and with proper Money Management
Regards,
Mayur S.
Mayur S.
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