Friday, 8 January 2016

Market Review for 11th January 2016

Nifty (7601) we said ‘technically volatility is not ruled out and all rallies ought to be sold into…closest support is 7544 but market looks weak’ the market traded sideways and closed flat…technically the market is still weak and if it has to go up then it needs to open around 7580 and closed above 7675 otherwise we must assume the market is down…

The support for Nifty is it 7544-7475-7367 and the resistance to the up move is at 7675-7817

No comments :

Post a Comment