Nifty dropped again on Friday and future closed at 8109. Nifty structure is trying to showing strength. However only above 9000 nifty can make attempt for up move but will get huge resistance at 9500.

8500 will also act as resistance.

Nifty can test much lower levels if it remains below 9000.

Below 10000, technically we are in bear market, however lets watch market for few more days before concluding.

Our advice is not to trade and wait for market to stabilize. No one knows the bottom. If you must trade then trade in small exposure in options and only intraday.

By listening to our views you can get an idea about nifty movement on the trading days. Our Views are based on indicators explained in video. Please note that these are just views and how nifty moves depend on many factors. Please take your trade after all careful considerations and with strict SLs.


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