For Tuesday, July 28, 2015, the trend deciding point for the day for Nifty emerges at 8337 mark. Again the third weekly support stands at 8302 mark. On its down move Nifty is expected to take support around 8337-8302 band. If this level is broken due to strong selling pressure, then the next support is expected to emerge at 8272 mark. But this will be possible only if there is a sharp down move. On ascent, the first resistance exists at 8468 mark. A sharp up move can make nifty cross this level and make it reach to 8535 mark. An intermediate resistance stands at 8401 mark. If there is not much demand, then Nifty can reverse from here for downside, instead of 8468 mark.
-- Karan Luhana Equity Expert, R K Broking |
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