Wednesday, 15 June 2016

Market Review for 16th June 2016

Nifty (8207) we said “technically the market still looks weak and now if it breaks 8064 then it could head down to 8005 or even 7937 but I would maintain that 8175-8200 is a stiff resistance zone to work with” the Nifty did not breach 8064 and instead climb up  to close right near our resistance in the green…technically now I would say that all time high on the Nifty & the bank Nifty are under threat…crucial support is at 8137

The support for the Nifty is at 8137 and the resistance is at 8275-8300

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