Today’s view on Nifty-29 July 2015

Nifty levels: 
Nifty spot close @8337

Nifty future close @8356
Buy only above 8500 level, remain below that we may see more weakness, major support level will be 8350 below that level we may see fresh short position. We have seen intense volatility today, we may see now lower level buying and short covering is expected above.

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