Spot Nifty Outlook : Short Term
I am expecting Spot Nifty should not break 7567 before reaching 7711-7717. If it breaks and closes below 7567-7563 it will drag the index further lower .
If Spot Nifty takes support around 7567 then those holding longs from 7636-7642 levels need not worry. In that scenario an extreme bullishness is possible.
I fee extreme bullishness and bearishness should be avoided and at the same time you should REVERSE your TRADES when your decision go wrong. Don't wait with hope.This is stock market and anything is possible.
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