An extract of Nifty View of Thursday, July 23, 2015, suggested: “For Thursday, July 23, 2015, the trend deciding point for the day for Nifty emerges at 8574 mark. On its down move Nifty is expected to take support around 8574 mark.” And the Low of the day was at 8580.55.
Another extract suggested: “An intermediate resistance stands at 8677 mark. If there is not much demand, then Nifty can reverse from here for downside, instead of 8709 mark.” And the High of the day was at 8667.
For Friday, July 24, 2015, the trend deciding point for the day for Nifty emerges at 8551 mark. On its down move Nifty is expected to take support around 8551 mark. If this level is broken due to strong selling pressure, then the next support is expected to emerge at 8485 mark. But this will be possible only if there is a sharp down move. On ascent, the first resistance exists at 8686 mark. A sharp up move can make nifty cross this level and make it reach to 8755 mark. An intermediate resistance stands at 8637 mark. If there is not much demand, then Nifty can reverse from here for downside, instead of 8686 mark. Again, on the other hand, an intermediate support exists at 8573 mark. If there is not much supply, then Nifty can reverse from here for upside, instead of 8551 mark.
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