YESTERDAY CALL

Nifty touched the given two support levels.

MARKET VIEW

Today nifty broke the major support level but the volume was low. I feel the gap filing process was started. Let’s see what happens tomorrow.

MARKET VIEW FOR THURSDAY

G8 summit and inflation are factors to watch. As today the volume was low I feel tomorrow nifty will trade in tight range, probably mixed. Only 400 points left to fill the gap. This month quarterly results come, which may have an impact on the market trend. As the major support has been broken I prefer selling.

FREE TIPS FOR INTRADAY

NIFTY

Technically in the price chart bearish continuation pattern is formed. Today nifty closed just above the support level 4072 so we can sell nifty.

SUP: 4072, 4008, 3985, and 3921. RES: 4116, 4161.

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