8.8.14 We maintain bearish view on Nifty with our short term - TopicsExpress

8.8.14 We maintain bearish view on Nifty with our short term target of 7582, which is 61.80% retracement level. But if Nifty goes below 7582 then we may see further weakness and Nifty can test 7540, which is 50 DEMA. Thus one should avoid taking long positions. On the upside the 7750 mark will play as an important resistance. However the short term resistance is still placed at 7840. manasjaiswal

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