Daily levels

as expected in last session nifty moved upward till 7950 and there on it reversed and consolidated whole day around 7880-7930 range 
  
Now it looks like some kind of wave 3 or 5 was completed at yesterdays high and nifty now preparing for good fall at least 200-400 points in coming session ,By seeing the graph nifty most probably completed its up move or only one top above yesterdays high was pending.

Conclusion: 

Nifty preparing for fall of minimum 200-400 points as explained above.
So, longs need to to be exited at these levels as have to create short position for next month a explained above
Levels to watch on upside 7950 8000 8080 which will act as a strong resistance on upside
Levels to watch on downside 7870 7830 7800 which will act as a strong support on downside



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