Monday, 4 January 2016

Market Review for 5th January 2016

Nifty (7791) we said ‘technically now 7900 is a crucial support to work with…trend is still intact’ the market opened with a bear and breached our crucial support and closed deeply in the red negating previous 7 up days…now we must assume the market is down unless 8000 is not taken out…  

The support for Nifty is it 7715 and the resistance to the up move is at 7980-8000

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