Tuesday 14 March 2017

Nifty moving further..



14 Mar 2017

Friday-Nifty made a high of 8975.30 and made a low of 8904.10 and closed around 8934(-16).

Last Friday we were very aggressive in buying for positional and intraday too, however intraday our levels got breached. Positionally we had levels of nifty of 9075, which got hit today bcz of gap up opening.

Strong resistance can be seen around 9120-9140, which is little difficult to breach in one go, so for the day we will go with sell on rise strategy around 9110-9120 for 9060-9040.

Conclusion: Nifty should touch 9060-9040, till it's trading below 9141 levels.
         …stockstopp(stockstopp@gmail.com)

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