ZIGZAG
MOVEMENTS...
Nifty
8220 -4
After
opening with Gap down due to global cues, Nifty remained steady and
closed flat for the day. Nifty appears to be in consolidation mode
for a minor pullback. Stop loss for Nifty short positions may
be trailed to 8350(on close basis). Nifty spot is expected to
encounter resistance at 8260,, 8295 and find support at 8180, 8145
for Tuesday. While Global cues and Funds
flow are expected to broadly guide the market movement, based
on the present market position, market is expected to trade in a
zigzag manner with alternate bouts of bullishness and bearishness.
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