Nifty in correction mode and can retest 7850!

NSE_EOD:NIFTY   Nifty 50 Index
50 0 1
Nifty             constantly making lower lows and lower highs and looks bearish for the time being with the first target being 7850 and stop loss at 8500. Seems very likely it will break through 50 DMA and 200 DMA on closing basis. Target 7850 , Stop 8500 Risk reward: 3:1
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