Market Review for 9th October 2014
Nifty (7843) we said ‘technically no sign of strength except that it is stretched so a bounce back could be on the cards…failing which the down side to 7747 not ruled out’ the market opened with a bear gap and took support near our support of 7840 marginally in the red…technically the market is still weak but it very stretched and so a bounce back is not ruled out…
The support for Nifty is it 7840-7825-7747 and the resistance to the up move is at 7923-8000
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