Following line was told today at 12:28: PM in Mid-session Outlook(25-07-2014):-
Although sharp down below 7772 but Nifty could not sustain below 7772 and now trading at 7790 after lower levels supports between 7749-7766.
As some FM clarifications on Budget specially on Mutual Funds were disliked by market therefore sharp down after its announcement and market will finally react on Budget passing in next week but still finally rally is expected above today highest(7840) despite now trading .51% down.
Nifty will not sustain below yesterday lowest(7772)
Although sharp down below 7772 but Nifty could not sustain below 7772 and now trading at 7790 after lower levels supports between 7749-7766.
As some FM clarifications on Budget specially on Mutual Funds were disliked by market therefore sharp down after its announcement and market will finally react on Budget passing in next week but still finally rally is expected above today highest(7840) despite now trading .51% down.