Previous update dated 23 DEC 2015
No absolute change in my view.
The nifty broke the level of 7935 for a day or two but could not sustain 3 days of close above the levels and all of us know the result of that.
Same way it fell to 7721 yesterday but closed above 7725
Its a range bound trading these days better to trade using Butterfly strategy.
Support: 7725, 7540
Resistance: 7935, 8164
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