Nifty - What Next ?

NSE:NIFTY   Nifty 50 Index
Nifty 16263 - As we posted ,last hour trading on 6th Aug was a trap for retail sellers as short covering lead to a high of 16320 and has immediately reversed below 16296 as Operators have initiated fresh shorts at 16300. We expect Nifty will move further down 16175 and a break below will take down to 16065.

Keep watching the 16210-16175 zone for possible entries.


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