Observing Nifty chart on daily & weekly basis, we understand there is a strong support at 4225 -4235 level. Once broken next strong support can be 3970 -3980. So act accordingly & remember sometimes Discretion is better part of Valor
Above is Nifty on daily chart, wathc support at 4226, 4095 & 3965
Above is Nifty on weekly chart, wathc support at 4232, 4100 & 3970
Interesting it may sound, in History of Dow Jones, years ending in "7" have historically reached top and then brusquely started considerable sell-offs which have triggered bear cycle. Importantly mostly this selling began in July - August!!
Take Care. God Bless you All.
Disclosure: As on no short position in Nifty for myself/ family members / friends.
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