Market Review for 30th June 2015
Nifty (8318) we said ‘technically the market is still up and close above 8433 could propel the Nifty to around 8567…will it’ the market actually opened with a bear gap and tried climbing up trapping the new shorts but yet closed in red for the day…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 support for Nifty is it 8334-8250 and the resistance to the up move is at 8433-8567
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