Nifty down trend continued approaching 7959

NSE:NIFTY   Nifty 50 Index
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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