The high 7922.70 formed by Nifty spot today could be the short term top. Positional traders can short Nifty futures at current price ( 7890 ) with a stop at 7930. The downside target is 7400 in one or two weeks.
Instead, if Nifty Futures trades above 7930, then it could test 7980 level.
Sell ICICI Bank Futures at 1545 with stop at 1560 for a target of 1480.
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