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Saturday, July 18, 2015

Market trends



Nifty & bank nifty looking strong but in over bought position. Strong chance of down . 8660 pose resistance.
Nifty may be range bound on monday, may consolidate. Nifty may not go down below 8500. Corporate results may make market choppy. But Nifty may hit 8700 in a couple of weeks.  

A good correction is inevitable &  very healthy  for market. 

Bank nifty entered already in consolidation phase.