Market Review for 17th June 2015
Nifty (8047) we said ‘the market closed mildly in the green and once again establishing that 7940 is a crucial support to deal with and if that cracks then market cracks…stiff resistance 8100’ the market saw some more short covering and the market closed in the green…technically now it is once again emphasized that 7940 is a very crucial support to work…good as long as that holds…8100 still is stiff resistance to deal with and close above 8100 would be some sign of strength…
The support for Nifty is it 7940-7642 and the resistance to the up move is at 8098-8141-8164-8196
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