Market Review for 24th February 2015
Nifty (8755) we said ‘technically the trend is still intact up as long as 8795 holds…we are into a budget & F& O expiry week…market is expected to be volatile but looks like it is not taking out the 9000 mark in a hurry’ the market traded sideways and finally caved in breaching the 8795 mark and closing in the red…now some more downside not ruled out…strong resistance 8860…
The support for Nifty is it 8730-8600 and the resistance to the up move is at 8860-8920
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