Nifty continue the down trend and made new low of 4851. Today it witnessed the high volatile session & in the end made the closing with modest loss. Nifty future is looking to continue it's down trend for some more time and in the downside 4830 & 4770 are two key supports. Closing below 4770 could drag it till the lower levels of 4650 to 4660 in near term. We recommend that traders should focus on sell on rise strategy in it for the targets of 4770 to 4780 from the current levels.
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