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Nifty down trend continued approaching 7959

Short
NSE:NIFTY   Nifty 50 Index
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Nifty broke its long up trend journey and turned bearish and had been continuously trading in bearish channel which also broken and now it is approaching crucial 50% fibo level 7959.00 in near term. Traders may go further short in Nifty with a target of 7959.00 in a week. at this level Nifty may see some upside movement up to 8250.00 which is now resistance.
Trade active: Stay short on NIFTY with a target of 7959.00 in the next week

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