Market Review for 2nd December 2014
Nifty (8556) we said ‘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 market unfolded and saw some profit booking as expected and has closed mildly in the red…we are now heading into an event day with RBI policy and the market is expected to be volatile…trend is still up as long as 8430 holds…
The support for Nifty is it 8430-8350 and the resistance to the up move is at 8617-8750
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