According to Arihant Capital, on the upside 8800 – 8850 levels for Nifty may act resistance for the day.
The current price action on the daily chart suggests that 8669 level holds significance going forward. Any breach of this level would dragged down Nifty to test 8650 – 8594 levels. However, on the upside we maintain our earlier stance that 8800 – 8850 levels may act resistance for the day.
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