Nifty Index Daily Outlook: 23.05.2014
As expected & written in our Daily Outlook, to-day 22.05.14, Nifty Index on opening move rallied from 7260 band and tested our hurdle of 7317 but intraday volatility dragged Nifty to low level and closed at 7276.40 with positive note.
We expect on Friday 23.05.14, Nifty may try to move above 7286-7292 band further strong rally above 7292 may take Nifty to 7301-7310-7320-7336-7343-7358-7363 levels. On the other hand Nifty may try to hold at 7263-7250 levels further weakness below 7250 may drag the Index to re-test 7233-7215-7206-7196-7174-7163-7150 levels.
