Nifty July 2014 series becomes current month series. Bulls will be happy to get the weekly close above 7555 to begin with and hope to take forward Nifty up above 7900 levels with Union budget and result season. The support @ 7445 (21-SMA/EMA) levels is crucial for July series. Happy trading !!!
Level of 7445 continues to be support level in July series after posting the highest daily close of 7787 in July series. Market is currently priced on the higher end and trading at higher support level of 7445. Break of 7445 can give a good healthy correction towards 7K to 6500K. Happy trading !!!
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