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Above 7925, Nifty may test 8029-8142: Arihant Capital

According to Arihant Capital, if Nifty manages to close above 7925 level then on the upside it can test 8029-8142-8214-8328 levels.

Arihant Capital’s technical report:

The coming week being truncated coupled with derivative expiry we are likely to witness volatility. However, the price action both on daily and weekly chart it is evident that undertone in the market is positive.

In coming week if Nifty manages to close above 7925 level then on the upside it can test 8029-8142-8214-8328 levels. On the downside, 7784-7737-7690-7627 levels may act as support for the week.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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