Monday 20 March 2017

Nifty dance..



20 Mar 2017

Friday-Nifty made a high of 9209.7 and made a low of 9148.20 and closed around 9152(-57).

Yesterday gap up occurred and we could witness selling from the start and it gave closing almost near to low of the day. Henceforth 9169 stand as a crucial point for upside positionally and one can see 8940-8900.

Strong resistance can be seen around 9169, which is little difficult to breach, so for the day we will go with sell on rise strategy around 9140-9145 for 9095-9080.

Conclusion: Nifty should touch 9095-9080, till it's trading below 9169 levels.
         …stockstopp(stockstopp@gmail.com)

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