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Watch Nifty
Ø Nifty made a big move down piercing 5600 and also 5500. While it closed above 5500, it managed to unnerve even the most confident of
bulls. Nifty has supports around 5460 and 5400. It could bounce up in a session or two from either 5500-5460-5400. In case it pierces
5400, there is a chance of re-testing 5180-5200. Our prognosis is that this is a correction and we could bounce up. One has to wait and see.
Ø Nifty's support for 13/07 is expected around 5460 and resistance around 5600 (+/- 10 pts.)
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