Market Review for 12th May 2014
Nifty (6859) we said ‘technically no sign of strength but a breach below 6650 could bring it down to around 6550’ the market never breached 6650 and turned around trapping the shorts and closing massively in the green and making a new all time high…technically the uptrend is still intact and the next logical targets in the days to come would be 7056, crucial support still would be 6650
The support for Nifty is it 6760-6650 and the resistance to the up move at 7056
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