7 Jul 2015
Nifty gave surprise today, one way reversal in intraday even
after opening gap down.
Today-Nifty made a low of 8386 and closed around 8522(+37)
and high made 8532.
We expect nifty to trade higher till 8479 is not breached
tomorrow. However market is overbought and selling pressure in intraday is
expected and one should go with exit in long strategy (book profits). A good
entry point can be 8500-8515 for higher targets.
Concluding: Nifty should touch 8543-8560-8631 till it
trading above 8479 levels.
…stockstopp(stockstopp@gmail.com-9320926785)
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