Market Review for 4th May 2015
Nifty (8182) we said ‘now if the up move continues then 8383 or even 8508 is possible…crucial support is 8185’ the market interestingly has closed right on crucial support and has so far not shown any signs of strength…except that it looks stretched on the downside… and so I would not be surprised if a bounce back comes in…but it needs to clear 8230 if the market has to see some strength…
The support for Nifty is it 8000 and the resistance to the up move is at 8230-8383
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