Wednesday, 6 July 2016

Market Review for 7th July 2016

Nifty (8336) we said “technically the trend is still intact up and the next logical target in the days to come still is 8440 and I would not be surprised if Nifty pauses here as it has run up to fast…8300 & 8240 is a crucial support to work with’ the market unfolded as expected and went into a pause mode and closing in the red…technically I would maintain that 8280-8240 still is a possibility in an uptrend

The support for the Nifty is at 8300-8240 and the resistance is at 8400-8447

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