Nifty observed some profit booking yesterday and there is Bearish candle pattern formed on daily charts which indicates that 7,850-7,880 levels would act as strong resistance on the upside, expect selling pressure to continue at higher levels. Bank Nifty faces strong resistance around the 15,650 levels on the upside where selling pressure is expected. There is an immediate support at 15,520 levels and on a decisive close below one can expect further weakness and declines to 15,450-15,350 levels. Pls Read Risk Disclosure Document Before Trading (sbaasl)
Posted on: Fri, 17 Oct 2014 04:25:36 +0000
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