If Nifty do break 7480 we should move lower to 7400 may be even 7350, says Technical Analyst, Mohit Gaba.
The Nifty is holding up above the 7480 level, this level is proving to be a good support. We could be in for a few more days of consolidation unless we have a strong trend day (a day where we close at the highs of the session after a 2 percent plus move on the index).
On the other hand if we do break 7480 we should move lower to 7400 may be even 7350.
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