Bank Nifty- Bulls be careful...

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Nifty yet turned around from resistance 7980 which was key resistance since so many months going below 7875 -bears will take control ...for 3 days Nifty             opening gap up & not sustaining the gap even for hour or so gives us clue that we could be close to exhaustion in current up leg. Bank Nifty             has started showing some weakness sign so bulls be careful
Once Nifty             breaks 7875--- Intrday one can go short for target 7800--7825.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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