Tuesday, 17 May 2016

Market Review for 18 May 2016

Nifty (7891) we said ‘technically 7780 is a strong support to work with and upside is still on and the next logical target in the days to come is 7925-7972’ the market climbed up to close positive for the day but the bar generated is suggestive of profit booking in the upper regions and so I would not be surprised if some profit booking is witnessed…   

The support for the Nifty is at 7780 and the resistance to the up move is at 7925-7972

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