Thursday 16 June 2016

Market Review for 17th June 2016

Nifty (8141) we said “technically now I would say that all time high on the Nifty & the bank Nifty are under threat…crucial support is at 8137” the market turned around taking support once again near 8063 mark and closed in the red but still above the crucial support of 8137…technically now 8063 has once again got relevance and breach of 8063 can make nifty slide to 8005-7937 zones…otherwise 8275 still would be a stiff resistance to work with…  

The support for the Nifty is at 8063-8005-7937 and the resistance is at 8275-8300

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