6 Mar 2017
Friday-Nifty made a low of 8860 and closed around 8997(+15) and made a high of 8906.90.
Entire selling is observed around 8960 levels and hence forth it should act as trend decider for short term. Generally in strong rallies, 4 th wave is triangle, which can unfold here too.
Now we can witness nifty momentum in a range of 8860-8980. We prefer to go with buy on dip strategy around 8920-8930, or sell on rise around 8960-8980. However for day traders important levels are 8916 and 8981.
Conclusion: Nifty should touch 8960-8980, till it's trading above 8920 levels.
…stockstopp(stockstopp@gmail.com)
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