Nifty Index Daily Outlook: 15.05.2014
As written in our Daily Outlook, to-day 14.05.14, Nifty Index faced a strong hurdle at our level of 7142 and traded in narrow band and took support at 7080 level, further closed at same level of yesterday's close of 7108.75 with inside formation. We expect on Thursday 15.05.14, Nifty Index may face hurdle at 7124-7131 levels, further rally above 7131 may take Nifty to test 7142-7170-7193-7205-7240 levels. On the other hand, any weakness at 7104-7092 band may drag Nifty Index to test 7067-7057-7043-7030-7010-6983 levels.
