Nifty started on flat note and traded with volatility throughout the trading
session. On the lower end it found support above 7720. Price witnessed
strong technical re-bounce towards the lower band of the rising channel
which previously acted support for the falling price has acted resistance for
the rising price. Now, the price is expected to find resistance at 7830;
sustained trades above which may trigger for further upside. On the lower
end support lies at 7770; sustain below which trigger the resumption of price
slide; lower supports are pegged at 7700/7650.
session. On the lower end it found support above 7720. Price witnessed
strong technical re-bounce towards the lower band of the rising channel
which previously acted support for the falling price has acted resistance for
the rising price. Now, the price is expected to find resistance at 7830;
sustained trades above which may trigger for further upside. On the lower
end support lies at 7770; sustain below which trigger the resumption of price
slide; lower supports are pegged at 7700/7650.
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