nifty weekly-7520 is major support upside targets 7995-8250

nifty future weekly chart 9 april 2016 Nifty future this week closed with loss at 7583.   After last 5 weeks rally, some profit booking was seen in this week.   Nifty future weekly chart price trend is down but momentum is still on recovery side.   On downside 7520 is major support level and above it nifty future outlook and strategy will remain bullish.   Option traders can buy and accumulate 7500 call options on decline with strict stop loss.   On upside 7995 and then 8250 are target zones for month of April.   Weekly closing below 7520 means downtrend continuation for targets 7270 and below.

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Updated: 05/06/2017 — 4:52 AM

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Pramod Baviskar

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