The markets in general and the benchmark index Nifty in particular is expected to be weak in the upcoming session with immediate support for the Nifty at 8599. The resistance is at 8665. If the support of 8599 gets broken then the index will gravitate towards 8545 and 8324. On the other hand, if the resistance of 8656 is conquered then the next resistances are at 8745 and 8792.
The day traders may trade accordingly whereas the short term traders and the mid term investors are advised to just wait and watch.
Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.
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