NIFTY may trade down, breakout occurred downside.

NSE:NIFTY   Nifty 50 Index
NIFTY finally broke the silence and breakout occurred and today seems to have turned in the bearish direction. nifty may see first target from this breakout to the 50% of fibo level around 7894 in near term. traders may enter short in NIFTY on retest of the resistance with a target of 7894.


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