Thursday 11 February 2016

Market Review for 12th February 2016

Nifty (6976) we said ‘technically volatility is not ruled out the market looks weak’ the weakness accelerated and the market closed deep in the red below the psychological 7000 mark…technically no sign of strength but volatility not ruled out because if we get one more deep cut then a bounce is not ruled out…stops need to be deep…  

The support for Nifty is it 6820 and the resistance to the up move is at 7200

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