Wednesday 11 May 2016

Market Review for 12 May 2016

Nifty (7849) we said ‘technically upside to 7925 and beyond that 7972 is still on as long as 7835 holds’ the market opened in the negative due to tax issues but traded up to closed in the red… technically I would maintain that 7815 still is a strong support to work with…

The support for the Nifty is at 7815 and the resistance to the up move is at 7924-7972

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