12 Apr 2017
Tuesday-Nifty open 9188, made a low of 9174.45 and made a high of 9242.55, closed around 9237(+49), movement of only 68 points, little more than yesterday.
For positional, looking at table tennis momentum of nifty although it is confusing, however we would cover our shorts around 9160-9150, and buy around 9140-9152 for higher levels of 9246-9275-9302, unless it closes below 9140.
Little late to give view today, we were having very strong point 9246, which did not breach and nifty made a new low. Now one has to follow price behavior, and sometimes it changes very fast. Now we also change with them, it is simple :). Looking at complex structure we will buy on dips around 9160-9150.
Conclusion: Nifty should touch 9212-9236, till it's trading above 9138 levels.
…stockstopp(stockstopp@gmail.com)
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