Day Trad­ing Guide

The Economic Times - - Smart -

In­abil­ity to break past the 200 day EMA at 7780 has re­sulted in bout of sharp cor­rec­tion plac­ing Nifty near its im­por­tant sup­port of 7575. Nev­er­the­less, 7700 now poses stiff re­sis­tance and any ral­lies should be used to lighten po­si­tions as a breach be­low 7575 will tilt the short-term trend in favour of bears for a re­trace­ment tar­get of 7400.

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