Market Review for 9th December 2014
Nifty (8438) we said ‘technically the uptrend is still intact as long as 8430 holds’ the market has traded sideways and closed flat’ the market traded in the red and seen the low like a dot of 8432…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 support for Nifty is it 8290-8430-8350 and the resistance to the up move is at 8500-8617
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