Thursday, 28 May 2015

market idea for 29-5-15

Market Review for 29th May 2015

Nifty (8319) we said ‘we are now into F&O expiry and now 8334 has become more crucial support to deal with’ the market has closed flat on the F&O expiry day near our support of 8320 and interestingly taking support like a dot from our support of 8270…now we expect a gap open either side… and if it climbs up then 8573 is a tough resistance to deal with in the days to come…8270 has now become a very crucial support to deal with…

The support for Nifty is it 8320-8270 and the resistance to the up move is at 8420-8517-8573

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