Market Going Forward 2016 By MOSL

Nifty’s Outlook – Nifty remains consolidating within the Falling Wedge pattern with support at 7200 and breakout point being 8200. The range is expected to contract with time before a directional move. 7200 remains a make or break point and positions can be created once Index is around the same with a stop marginally below it. Upside remains open and can be traded with trailing stops later

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