** NIFTY TREND : Nifty started the day on a weak note and traded negative in the first half of the trading session. Nifty fell down to 7630 levels and broken the trend of making higher lows of last three sessions. Although during the session, it regained 7700 levels but couldn’t sustain the higher levels and fell down sharply by 60-70 points from its day’s highs. It has been continuously witnessing roller coaster move but trading in same broader range so till it doesn’t cross and close above 7750 or below 7600 zone the same trading activity may continue in the market. For the day, it has to hold above 7700 zone to see the up move towards 7750 and 7780 levels while on downside immediate support at around 7620 and below that weakness may continue towards 7600 then 7580 & 7550 levels.
Posted on: Fri, 08 Aug 2014 03:44:22 +0000
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