Thursday 29 January 2015

MARKET IDEA FOR 30-1-15

Market Review for 30th January 2015

Nifty (8962) we said “so some profit booking is not ruled out…9038 is a stiff resistance’ the market closed in the green but short of the magic 9000 mark…technically the trend is still intact up as long as 8825 holds…though it is stretched so corrections /consolidations not ruled out…stiff resistance 9038  

The support for Nifty is it 8825-8775 and the resistance to the up move is at 9000-9038

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