Market Review for 28th April 2014
Nifty (6783) we said ‘Technically the larger trend is still up as long as 6650 holds, however I would watch 6785 and continue long’ the market found some profit booking in the upper regions and also closed in the red just below our crucial 6785 mark…Technically I would now view 6870 as a tough resistance zone and trade short and would watch crucial support at 6650 to consider covering short if required…
The support for Nifty is it 6650 and the resistance to the up move at 6780- 6900-7000
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