August 10, 2015

HDFC SEC expecting NIFTY @ 8000 this series

HDFC Securities is bearish on the market and is expecting a correction 8000 levels or lower in AUG series.

Here is the weekly chart... looks like H&S.

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Our initial target is 8,000 mark before August expiry and the major bearish setup’s target is 7500 or lower before Q3 earnings season i.e. Dec 2015.
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Read complete report here

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