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Wednesday, January 21, 2015
The current support for the Nifty has shifted to 8620-8630 levels, after it closed at 8,723.85 with a gain of 28.2 points, yesterday. According to some well known chartists, on the medium term basis any dip till 8430 could be a good buying opportunity for an upside upto 8750 zone.
Which means today, it could be day of Mid and Small Cap counters and traders are suggested to focus on this space more. However, if the Nifty slips below 8500, then it could retest 8420-8370 zone once again.