Market Review for 1st July 2015
Nifty (8369) we said ‘technically 8433 is still a stiff resistance to deal with and I would view all up-moves until 8433 as reactive up-moves…and the breach of 8250 as a first sign of weakness…until then it looks like a sideways move’ the market traded sideways and closed in the green…technically to me it still looks to be in congestion and the first sign of weakness would be the breach of 8300…
The support for Nifty is it 8300 and the resistance to the up move is at 8433-8567
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