Market Review for 21st September 2015
Nifty (7982) we said “the market is trading in a sideways mode ahead of the FED event day in US and is still in a no trade zone unless it takes out the high of 7880 and if that happens then the target would be 7962’ the market saw the breakout and climbed higher to close in the green near our target of 7962…technically the up move that we have witnessed from the low of 7500 still looks reactive in nature and I would not be surprised if some profit booking is witnessed in these regions…
The support for Nifty is it 7858-7797 and the resistance to the up move is at 8080-8140
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