Nifty Analysis for 26 Apr 16

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Nifty Analysis for 26 April As indicated yesterday 7880 is broken on lower side. Both the targets achieved in Nifty. For the day Nifty expect Nifty to move further down. However, short selling Nifty near resistance can give better risk reward ratio. Resistance is at 7880 and 7910 Next support emerges at 7780 and 7717. If you are short selling Nifty, these supports are your targets. Longs can be created if Nifty breaks beyond 7910. Check Nifty veiw for the week here. Nifty 15 min Chart

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Disclaimer: In the interest of our readers and subscribers, recommendations are prepared abiding to our highest standards & principles for providing advisory services. Subscribers understand that trading is inherently risky and can incur substantial losses. Bonvista Financial Planners or its promoters or its employees own no responsibility of the consequences of profit or losses incurred by acting on these recommendations. It is sole discretion of trader/subscriber/reader/user of these services to trade recommendations at his/her own risk