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.