Technical Analyst, Prakash Gaba:
Nifty (8769): We said ‘technically I expected some more sideways movement and a stiff resistance at 8820-8850 zones’. The Nifty traded volatile for the day and closed flat after seeing the low near our supports. Technically upside to 8820-8850 is still on as long as 8700 holds. The support for the Nifty is at 8700 and the resistance is at 8820-8850.
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