Sunday 17 January 2016

Market Review for 18th January 2016

Nifty (7438) we said ‘technically the market is still weak and we must assume it’s down unless 7600 is not taken out’ the market has traded weak and has not taken out 7600…technically the market has not displayed any signs of strength as yet….technically we could slide to 7367 and that is a strong support to work with and hope it holds…

The support for Nifty is it 7367 and the resistance to the up move is at 7500-7600

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