Market Review for 3rd November 2014
Nifty (8322) we said ‘technically the trend is still intact up and now will it open with a bull gap for the new series…crucial support to watch would be 8100’ the market unfolded exactly with a bull gap as expected and closed on a high note in the green…technically the next logical targets in the days to come is 8500 and then 8617 but we are now into truncated week and so volatility and sideways move not ruled out strong support 8200
The support for Nifty is it 8200 and the resistance to the up move is at 8500-8617
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