Market Review for 1 st December 2014
Nifty (84-588) we said ‘now 8430 and 8350 are very crucial supports now. The support for Nifty is it 8430-8350 and the resistance to the up move is at 8617’ The market unfolded strong as expected and closed in the green after touching our resistance of 8617 like a dot…the high was 8617….technically the trend is still intact up as long as 8430 holds…I would not be surprised to see some profit booking in these regions though the trend is still intact up…
The support for Nifty is it 8430-8350 and the resistance to the up move is at 8617-9750
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