Monday 9 February 2015

Market Outlook - 10th Feb 2015

Most of our targets have got achieved. As per my earlier post, the option
data was showing 8500 as the strong support. Now that has shifted to
8300. So we may further see more downside in the coming days.

Tomorrow we have Delhi election results. If the results come inline with
what exit polls are suggesting, there could be panic selling that might
come which could easily take the market towards 8300.

Supports to be watched for Nifty - 8450, 8380 and 8330.

Once it starts taking support, we could see buying interest coming in.

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