Wednesday, 6 August 2014

Market Review for 7th August 2014

 Nifty (7672) technically I like the internal structure of the market as long as 7640 holds as 7640 seems to be a crucial support to work with…uptrend so far still intact’ the market unfolded weak and traded lower spoiling the structure but so far the market has closed above 7640…so if it breaks 7640 then all hell breaks loose…

The support for Nifty is it 7640-7500 and the resistance to the up move at 7750-7830

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