Nifty opened low and broken yesterdays low and pulled back to 7850. INDIA VIX is trading in RED and Advance-Decline Ratio is positive, indicates that Nifty may test 7880 sometime during day and if sustain above 7880 then 7925 is immediate level to watch. Looking to tomorrow Holiday and Thursday expiry, Nifty likely to remain in 7850 to 7900 range through out the day. Yesterday and day before yesterday BOSCH.made two DOJI in a row on chart and today it is leading the list of NIFTY losers by 2% down after opening in. downward gape. Bouncing back after making low of 18200 Today in first hour 12000+ shares ( Yesterday full session volume was 13000+.) already traded, so today's price movement has volume support. Today's closing level to be watched. IT stocks and TCS are showing sideway movement. USD Nov future is down by 0.12%. Most probably one more lackluster day. Ideal for trading with large volume. Happy Trading.
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