Market Review for 10th December 2014
Nifty (8341) we said ‘technically all is well as 8430 has held but to my mind there is a good chance that 8430 could breach and 8500 then could turn out to be a resistance…from a trading point of view one could be long only if it closes above 8500’ the market cracked as expected and has breached the first line of defense…technically now 8290 is the second line of defense and that could go as well…like I said one could be long only above 8500,,,
The support for Nifty is it 8290 and the resistance to the up move is at 8430-8500-8617
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