Nifty on the edge may go either way

NSE:NIFTY   Nifty 50 Index
Nifty has been trading under pressure and unable to make breakout upside, as in my yesterday analysis nifty not showing enough strength for upside movement and it may continue downtrend with a target of 7917 in near term, traders may wait for breakout, if breakout doesn't occurs it will trade further down or if breakout occurs upside then new trend may set.


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