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.
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Stay short on NIFTY with a target of 7959.00 in the next week