10 February 2015


The fifty stock index Nifty snapped 7-day losing streak on Tuesday, the index rallied a bit intraday but could not hold all its gains till the end. Today’s session was more like a roller coaster ride, where the index opened negative, then showed some strength in morning trades, but the sentiments turned pessimistic in late afternoon trades and index started drifting lower, however the market regained its momentum in the final hour of trade and finished the day gaining around half a percent.  Today nifty started with 8478 made a high of 8646 and low of 8470 and closed at 8565, total 176 points was played by nifty throughout the day. 
For tomorrow If the index were to fall below 8500 -level it could go further down. Expect good amount of bull liquidation once the 8500-level is also broken. In that case, a slide down to 8400 could well be on the cards.
More about intraday tips on Google +
RESISTANCE: 8600, 8650, 8700
SUPPORT:  8550, 8500, 8450

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