Nifty’s Outlook – Nifty remains consolidating within the Falling
Wedge pattern with support at 7200 and breakout point being 8200. The
range is expected to contract with time before a directional move. 7200
remains a make or break point and positions can be created once Index is
around the same with a stop marginally below it. Upside remains open
and can be traded with trailing stops later
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