Market Review for 7th July 2015
Nifty (8522) we said ‘technically I would view the trend as still intact up as long as 8370 holds…but some more sluggishness is not ruled out’ the market opened with a massive bear gap and bulls took over for the market to generate a breakout day…technically the logical target of 8567 stays and beyond that to 8637…as long as 8420 holds…
The support for Nifty is it 8420-8370 and the resistance to the up move is at 8567-8637
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