nextgen
Short

Nifty to continue down trend, may see little upside

NSE:NIFTY   Nifty 50 Index
102 0 1
Nifty             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.
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