BUY NIFTY 7400 PUT 26 MARCH 190 TGT 250/320
Nifty continue to bleed
in Thursday’s session as well due to worries over a case of community spread of
the virus, investors fear further impact from Covid-19 and are preferring cash
instead of investments. The Sensex closed the day at 28288 levels, down 581
points. Nifty ended at 8263, down 205 points.
Short term trend
continues to be negative. Having shown minor buying from the lows, the chance
of sustainable upside bounce could be less. Any attempt of up move towards 8400
-8500 could be a sell on rise opportunity.
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Resistance: 8300, 8500
Support: 8100,
7800
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