Ashwani Gujral, a technical analyst is of the opinion that as long as the Nifty stays below 4729 on a weekly basis, one can be short in the market. He further adds that Nifty encounters resistance at 4610 and 4678 with support at 4570- 4504.
We too endorse the opinion and feel that if the level of 4500 is broken than we see market crashing to the levels of 4350-4000 mark. Keep visiting the website to get accurate Nifty Tips which will make money for you in both bullish and bearish market.
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