Wednesday, 27 May 2015

market idea for 28-5-15

Market Review for 28th May 2015

Nifty (8335) we said ‘the market traded lower and has closed right on a strong indicator support and so there is a good possibility that the market could bounce from here before the F&O expiry and if it does not then the market goes into a bad phase’ the market bounced back as expected and avoided the bad phase…we are now into F&O expiry and now 8334 has become more crucial support to deal with…

The support for Nifty is it 8334-8320-8270 and the resistance to the up move is at 8420-8517

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