Market Review for 15th December 2014
Nifty (8224) we said ‘technically no sign of strength as yet and if it continues down then 8175 is also not ruled out and I expect some kind of bounce back’ the market continued its journey down to our supports of 8175 with just a mild bounce on the last day of the week and closed in the red…technically no sign of strength except that it is stretched and so a bounce should not surprise if it happens…
The support for Nifty is it 8175 and the resistance to the up move is at 8430-8500-8617 .
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