Nifty trying to consolidate but a 1000 points correction from the current level in nifty is also expected .
WEEKLY RESISTANCE OF 7539.50 IS GOING TO GET ACHIEVED BUT STILL PESSIMISM EXISTS IN THE INDEX .
As i have said yesterday that 7539.5 is going to get achieved . Index is heading towards 7539.5 level . Wkly resistance is at 7539.50 .So brace for a choppy week next week .
As i have said earlier that nifty will correct upto 1000 points from the current level .6300 is the next very critical level of the index .
Nifty consolidating . More upside likely in nifty only if nifty breaks & sustains above 7539 level .
More correction in Nifty seen as nifty breached crucial 7786.22 which is the monthly pivot level of the index.
It has been seen earlier too that nifty reversed from 7786.22 in the current month but this time it was not able to hold 7786.22 . Nifty might test 7676.93 which is next current weekly support level by this week .
so sell nifty with a stoploss of 7786.22 target 7676.93 .