Market Review for 5th March 2015
Nifty (8923) we said ‘technically now 8880 has now become a crucial support…either a big up move a correction is around the corner’ the market opened up with a massive bull gap due to RBI rate cut and market reacted as expected and the market closed in the red negating the RBI rate cut…looks like the top is in place and the correction could set in as expected…
The support for Nifty is it 8880-8770 and the resistance to the up move is at 9169
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