07 Apr 2017
Thursday-Nifty open 9243, made a low of 9219.05 and made a high of 9267, closed around 9262(+19), movement of only 48 points only.
For positional, looking at slow momentum of nifty and no major events, it is confusing, however we would go with sell on strategy for lower levels of 9191-9170-9105-9080, unless closing above 9275 and close below 9220 should confirm this.
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 sell on rise around 9240-9246.
Conclusion: Nifty should touch 9219-9191, till it's trading below 9268 levels.
...stockstopp(stockstopp@gmail.com)
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