Market are very choppy and higher level some selling were seen in the market and Nifty slippedsliped from the higher level 8279 and Bank made a double top formation at 18870 in future and finally closed below 18700 range. Over all trend are bullish as longas Nifty hold support range 8147-8100 and higher level resistance are 8330-8350 watch out. Bank Nifty also looking good with consider support 18500-18400 and major support are 18000 mark. Market are very choppy in next 10 trading sessions and expected heavy movement in either side.... i.e. Nifty will move 500 points and Bank Nifty 1000-1500 points in short term. Be cautious in both side for long ans short.
Posted on: Mon, 29 Dec 2014 17:29:27 +0000
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