Market Review for 5th September 2014
Nifty (8096) we said ‘the market unfolded as expected and saw the high near our resistance and in the process generated an indecisive bar capable of stalling the up move but I would say the trend is still intact as long as 8050 holds’ the market unfolded a bit weak as expected of an indecisive bar…but technically I would maintain that 8050 is still a crucial support to deal with…
The support for Nifty is it 8050 and the resistance to the up move at 8132-8218
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