Wednesday, August 6, 2014

NIFTY OUTLOOK FOR 7 $ REVIEW

MID SESSION BETTER ...!!!

Nifty                               7672     -75

After Two days’ of smart rise / pullback Nifty gave up 50% of the gains and closed well below 7700 mark. Unless Nifty closes aove 7750 mark, short term bullishness would not return. Nifty spot is expected to encounter resistance at 7715, 7750 and find support at 7635, 7600 for Thursday.  While Global cues, Quarterly results   and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to  experience volatile / zigzag movements with better midsession.

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