Market Review for 30th January 2014
Nifty (6120) we said ‘technically the bar generated for the day is an indecisive pattern and the trend is still down and there is a good chance that we could witness a technical bounce as the market is technically stretched’ the market saw a technical bounce ahead of the F&O expiry and has flat flat for the day…technically I maintain the same and nothing has changed in my view as the low of a day is still not violated and so we could still see some more technical bounce….
The support for Nifty is it 6083-6053-6009 and the resistance to the up move at 6200-6225
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