Monday 15 August 2016

Market Review for 16th August 2016

Nifty (8772) we said ‘I would maintain that rallies are shorting opportunities’ the market saw a rally and the market opened up with a bull gap closed higher at 8672…now I expect the market to open with gap again and once again a gap up could be a shorting opportunity near the highs as 8746 is a stiff resistance zone and the market is still in sideways zone

The support for the Nifty is at 8520-8480 and the resistance is at 8746

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