Nifty Index Daily Outlook: 29.05.2014
As written in our Daily Outlook, to-day 28.05.14, Nifty Index on opening move rallied till 7345 level, but the weakness dragged Nifty to 7300 with narrow movement and closed at 7329.65 with inside formation on daily chart which infers that the Index may move either side to breakout above 7373 or break down below 7269 on tomorrow's trade.
We expect on Thursday 29.05.14,
Nifty may try to move up, till 7338-7345-7360 band, further rally above 7360 may take the Index to 7372-7386-7403-7412-7430-7455 levels. On the other hand Nifty may try to take support at 7325-7318 band further weakness below 7318 may drag the Index further to 7300-7286-7272-7265-7243-7230-7210-7195 levels.
