Today(16th September 2014) Nifty opened at 8037 and moved down to 7925 and closed at 7933 (at the centre of S2 ie. 7936) with a loss of 109 points. After the close at the centre of S2 (7936) on 27th August 2014 Nifty moved up to 8180 on 8th September 2014 and closed at 8174, its highest closing so far and started to decline. Next few days will reveal whether Nifty will move further down or retrace from the centre of S2.
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