Nifty future continued its downtrend with a gap down open and moved lower to close at 10154.35.It has support at 10107 & 10070. The break of this support may accelerate the fall further and will carry it to 10013 and 9853 levels.
The day traders can sell it below 10155 with a stop loss of 10171 for a target of 10107 and 10070 and buy it above 10171 with a stop of 10055 for a target of 10225 and 10239.
The positional trader should wait for a pullback up to 10225 for going short on it and can go long only above 10255 with a stop loss of 10217 for a target of 10344 and 10404.
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