Market Review for 4th September 2015
Nifty (7823) we said ‘technically no sign of strength as yet though up moves are not ruled out but I would not be bullish unless 7910 is not taken out with force’ the market traded in the green and closed in the green and in the process generating a probable reversal pattern but the pattern would be confirmed only is the market closes above 7900…incidentally 7900 is a stiff resistance to deal with…I would like to vie the market as still down unless I get the confirmation…
The support for Nifty is it 7576 and the resistance to the up move is at 7900-8000-8050
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