Nifty in daily chart has given a format of top formation with major resistance placed around 10350 levels.Immediate support is seen around 10,000 levels a drop below that can drag the index spot to 9700.Below 9700 it can move down to 9500.
My near term view of nifty spot is side wise to negative.With upside capped at 10350 levels .With a imment move below 10,000 to 9700 and 9500. However a close above 10335 should be considered with caution and all short positions should be existed.Because above that level index may move to 10570.
My near term view of nifty spot is side wise to negative.With upside capped at 10350 levels .With a imment move below 10,000 to 9700 and 9500. However a close above 10335 should be considered with caution and all short positions should be existed.Because above that level index may move to 10570.
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