Wednesday, 1 July 2015

market review for 2-7-15

Market Review for 2nd July 2015

Nifty (8453) we said ‘technically to me it still looks to be in congestion and the first sign of weakness would be the breach of 8300’ the market traded higher and closed in the green crossing the 8433 mark and demonstrating strength…now the next logical technical targets in the days to come is 8567…now I would watch 8450 as and trade long as a sharp reaction is not ruled out…        

The support for Nifty is it 8450-8300 and the resistance to the up move is at 8567

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