WEEKLY GAPS tend to continue in the trend of the gap. Unless the gap is filled i would remain a seller on rally if any. Until 8900 not crossed on nifty futures we could head to 8200.
Comment:
So far the Gap Remains intact.
Trade closed: target reached:
Closed short positions and view. Feel a bounce is in offing to 8300-8400 zone where i shall review for fresh shorts.