Market Review for 18th August 2014
Nifty (7792) we said ‘technically I would say that now 7700 has became a crucial support to work with. The support for Nifty is it 7700-7650 and the resistance to the up move at 7750-7797’ the market unfolded as expected and stayed above our crucial support of 7700 and closed in the green but very interestingly the high of the day at 7797 is hit like a dot…now I would say 7740 is a crucial support to work with…
The support for Nifty is it 7740-7700 and the resistance to the up move at 7840-7900
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