Thursday 23 April 2015

market idea for 24-4-15

Market Review for 24th April 2015

Nifty (8398) we said technically 8550 is possible on the upside but if 8270 is violated then God save the kingdom’ the market opened high but traded range bound to close in the red…technically it should be down but when I look at the structure then it gives an impression that it might find support in the lower regions…one more up day could set up for a higher close next week

The support for Nifty is it 8284-8250 and the resistance to the up move is at 8500-8600

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