Tuesday 12 January 2016

Market Review for 13th January 2016

Nifty (7510) we said ‘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 market traded below 7675 and closed in the red…technically the market is still weak and we must assume it’s down unless 7600 is not taken out
 The support for Nifty is it 7475-7367 and the resistance to the up move is at 7600-7675

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