Market Review for 27th April 2015
Nifty (8305) we said ‘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 market unfolded sideways but loosened in the last trading hour closed in the red…the elusive up day that we were looking for did not come…so if we get that up day and a close above 8415 then the market could arrest its down fall..
The support for Nifty is it 8250 and the resistance to the up move is at 8415-8500-8600
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