Nifty started higher and remained mostly sideward throughout the trading
session. A sideward movement backed by fair volume may be indication of
long unwinding. In the daily candle chart an upper wick is visible which
also suggests possibility of profit booking at the higher levels. On the lower
end falling price may find support at 8370; sustain below which may create
more selling pressure in the market; below 8370 price may drift down
towards 8330-8290 whereas above 8415 the trend will be reversed.
session. A sideward movement backed by fair volume may be indication of
long unwinding. In the daily candle chart an upper wick is visible which
also suggests possibility of profit booking at the higher levels. On the lower
end falling price may find support at 8370; sustain below which may create
more selling pressure in the market; below 8370 price may drift down
towards 8330-8290 whereas above 8415 the trend will be reversed.
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