Unless 8,400 on Nifty is broken, stay long: Mitesh Thacker

In a chat with ET now, Mitesh Thacker, Technical Analyst, miteshthacker.com, shares his view on where the market is headed towards.
ET Now: What is your view on Nifty?

Mitesh Thacker: In the short-term, it looks like the market is not doing much. But to me, the set up still remains positive unless we break below 8,400. On the intraday basis, the trend should be on the upside. Once Nifty gets past the 8,500-8,550 zone, some kind of momentum might come in. That might happen with some kind of good news.

Therefore, for the time being, it is 8,400 on the downside to about 8,550 on the upside. Broadly, I would be trading with a more long bias.