Wednesday, 5 August 2015

market idea for nifty 6-8-15

Market Review for 6th August 2015

Nifty (8568) we said ‘now a close below 8450 would be negative for the market’  the market has traded above our crucial support of 8450 and closed above it…technically now I would view 8500 as new critical support to work with…interestingly the market has closed right on our resistance like a dot…

The support for Nifty is it 8500-8450 and the resistance to the up move is at 8637

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