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Devangshu Datta: Key downside support level at 7,893

The Nifty gave one bullish signal as it recorded higher highs in the past week

Devangshu Datta

Thestockmarketinchedupthroughthefirstweekof2017.ThemarketawaitsQ3earningsreportsandit'salsoprocessingtheBudgetrumoursandnewUSpolicystances.NobodyisexpectingstrongQ3numbers,givendemonetisation,poormacro-dataandlowbankcredit.Butlowexpectationsmeansthatthemarketwouldviewevenminorimprovementsasbullish. TheNiftygaveonebullishsignalasitrecordedhigherhighsinthepastweek.EarlyDecembersawintra-dayNiftyhighsinthe8,250-8,275range.Thelastweekhasseenanintra-dayhighof8,306.Howeverthemarkethasnotbeen ...