SECOND
HALF BETTER
Nifty
8068
-152
After
opened with lower gap and Nifty went down further to close nearer to
day’s low level with a loss of more than 150 points and closed well
below 8100 mark. Nifty closed nearer to 100DMA and if it does not
take support around this level, further fall can be expected.
Stop loss for Nifty short positions may be trailed to 8250(on close
basis). Nifty spot is expected to encounter resistance at 8110,, 8145
and find support at 8025, 7990 for Wednesday. While
Global cues and Funds flow are expected to broadly
guide the market movement, based on the present market position,
market is expected to generally recover in Second half of the
day.
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