has been trading in down trend and has been under pressure for since bank notes ban. Nifty
last week closed in green showing signs of some strength upside. Now where nifty
will head?, it seems nifty
has little a upside space, as there is bearish channel
resistance which is nifty
approaching also fibo 38% level which might not seem to break. Nifty
may have upside movement up to 8170 as channel resistance and traders may wait and watch breakout at this level. if it breaks this level then nifty
my go further upside on the other hand it may reverse touching the resistance to its support somewhere between 7915 in near term.