The Nifty did surprise and indeed go down to 6042.45 on Tuesday which was a shade below our predicted support of 6043 in our yesterday's post. The tipping point now is at 6069 and Nifty must trade above this point for bulls to come to rescue the market. Otherwise the supports are at 6035 and 6006.
Our outlook for the day is that the market may reverse from this point and aim upwards in the immediate term but for that it has to open strong and trade above the 6069 mark conclusively.
Our outlook for the day is that the market may reverse from this point and aim upwards in the immediate term but for that it has to open strong and trade above the 6069 mark conclusively.
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