We saw some biggest fall in terms of points yesterday due to global trends. It is Known as Black Monday for the traders. Today we are witnessing some pull back which would resist around 8300 and i expect short covering by expiry. Though overall medium term outlook is still bearish and we could see 7470-7500 levels in next expiry. Each opportunity on the upside should be considered as a Selling opportunity for traders while long term investors can invest 25% stock specific at this level. Intraday traders stay away today too. Nifty R-7970,8180 S-7880,7790
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