Short term technical view of Nifty
The level 7800 is crucial for Nifty in the short term. Unless, it sustains above 7800, Nifty is likely to react towards 7200 level initially. Instead, if it could sustain above 7800, then it is likely to rally towards 8000-8200 levels.
Positional Trading call
Trade short below 7800 in Nifty Futures for the target of 7200. Trade long above 7800 for the target of 8000.
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