Saturday, 12 December 2015

Market Review for 14th December 2015

Nifty (7610) we said ‘technically the market is still weak and a fresh sell off would come in at the break of 7600 and short covering if it starts to trade above 7700’ the market traded weak and negated the previous day’s move…technically the Nifty is still weak and only a move above 7700 would bring in short covering…the downside still seems to be open…

The support for Nifty is it 7550-7500 and the resistance to the up move is at 7700-7770

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