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Wednesday 2 September 2015

Nifty Update

Pressure date of 31st August showed its effect on 1st Sept and market fell by 200 points. Those who were short with us from 8020-40 levels must be sitting on huge profits of more than 300 points.
It was clearly written that the strategy is to sell on rise and a close below 7930 would bring more weakness in the market. And the market moved on the expected line...
Major resistance levels are 7807, 7848, 8030, 8150, 8211, 8393,
Major support levels are 8001, 7650, 7590, 7475, 7360.
Lets see what has been stored for us in the next pressure dates.

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