According to a report by Arihant Capital, on the upside, if Nifty for first hour trades above 8035 level then momentum on the upside is likely to continue. In such scenario, Nifty is likely to test 8080 - 8120 levels.
The current price action on the daily chart suggests that the momentum on the upside is likely to continue. On the upside, if Nifty for first hour trades above 8035 level then momentum on the upside is likely to continue. In such scenario, Nifty is likely to test 8080 - 8120 levels. On the downside, 7980 - 7920 levels may act as support for the day
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