2 July 2015

NIFTY OUTLOOK FOR 3 JULY 2015

There is every likelihood a higher high today compared to yesterday: we are probably going to see the nifty getting past 8470 and trying to scale up to even the 8500-mark in the tomorrow’s session. Now, if the bulls are able to hold the index above 8468 then they would try to get past the 8500-mark as well. Beyond the coveted 8500-mark, three resistance levels are worth watching out for 8526, 8550 and 8589 before it hits the 8600-mark as well. On the downside, so long as 8383 is held there is not much to worry for the bulls while they would use dips to buy more and push things higher. 
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RESISTANCE: 8500, 8550, 8600 
SUPPORT:  8450, 8400, 8350          

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