According to Arihant Capital, in coming trading session if Nifty for first hour trade above 8730 level then it can test 8780 - 8820 levels. On the downside, 8660 - 8610 may act as support for the day.
On the daily chart, we are observing a narrow range body formation which suggests indecisiveness prevailing at current level.
In view of the above pattern formation it is evident that markets are circumspect at current level. In coming trading session if Nifty for first hour trade above 8730 level then it can test 8780 - 8820 levels. On the downside, 8660 - 8610 may act as support for the day.
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