Nifty is bearishly aligned for the day and at this point of time is expected to open with a gap up around Bearish Reversal Zone.
Any rejection trigger from Bearish Reversal & compromise of CPR we can expect Nifty to test the Bullish reversal zone & S1 & may be lower targets as marked.
Any Rejection from R1 on opening we can again expecting to CPR & then lower targets.
R1 is a strong resistance for Nifty and a break out above that we expect yesterday's Virgin CPR levels to be tested out.
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