Holding 8100-8110 zone could be a strong for today's session as well & short trades we won't take unless 8050 is broken down. There could be a possibility that Nifty could dip below 8100 & give us short term target close to previous swing 8050-8060 zone, but I am not in favor of taking sell positions infact if 8050-8060 zone if held as that could also be used as buying zone.
Related Analysis Attached below
Nifty still has resistance in the zone 8200-8210 so pre or post RBI Policy be careful that Nifty could also hit the zone 8190-8200 in volatile reaction & take sharp U-turn in downside direction if after hitting the zone 8190-8200 - it sustains below 8200 marks & going below 8130- it could be 8100-8110 & Below 8100- could be 8050-8060 & under 8050- Down
Bang on for the move ---Here we go with sharp down as expected from 8190-8200 zone as expected
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ