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Weekly charts suggest to be taking support. Should give a bounceback upto 525-540 zone.
Look for possible reversal patterns and take longs for a new UP Trend heading to 500++
Todays close important as this could possibly be a KR Sell today. If manages close below the TL @ close then intend to carry some shorts overnight.
Stock forming a bearish HNS pattern also closed last week below its up trending TL. Look for lower top lower bottom to take a low risk trade.
Target 615-630. Stop 578.
views are personal and not a trading reco.
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.