Tuesday 21 January 2014

Nifty views for 22nd Jan 2014

The Index - Nifty - faces strong resistance in the 6346 - 6362 band. If Nifty manages to get past this band, we might see 6415 and more in the days to come.

On the flip side break of 6300 and 6280 will see the Index declining to 6230 then 6200. With Bank Nifty showing signs of breakout on the upside, the possibility of the first scenario playing out is more.

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