Sunday, 8 May 2016

Market Review for 9 May 2016

Nifty (7733) we said ‘Nifty looks to be in a pause mode and the downside targets are still in on and now if the slide continues then there is a good chance that it would be the final push down before it starts to bounce back… however I would be bullish if Nifty crosses the 7800 mark’ well the pause mode continued and Nifty closed flat with a mild push down…technically analysis remains the same…     

The support for the Nifty is at 7653-7615 and the resistance to the up move is at 7800-7900

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