This is the weekly chart of NSE Nifty
The nifty broke the level of 7725 already and testing the water of 7540.
Support: 7540, 7419
Resistance: 7640, 7725, 7935
Time to go short may be yes, may be no. I am not a trader, why the hell should I care :)
Note: The above is not a research report but information as available on public domain and it should not be treated as a research report. Any information discussed on the blog is for information purpose only. People are themselves responsible for any profit/loss arising on trading on such information.
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Disclosure: It is safe to assume that I have the stock in my portfolio/trading position and hence my point of view will be biased. Readers should consult their financial advisory before any investments.
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