Nifty Ranged 9800 - 9950
Diupdate
Nifty is locked in a range of 9800 to 9960
For very short term trade light with any bounce from 9800-9790 to any fall from 9950.
Once 9960-9980 is taken out the up-move will resume.
Houly chart range 9800-9950
15 min chart range 9820 - 9950
For very short term trade light with any bounce from 9800-9790 to any fall from 9950.
Once 9960-9980 is taken out the up-move will resume.
Houly chart range 9800-9950
15 min chart range 9820 - 9950
Catatan
the push towards daily strength zone of around 9500 seems imminent now.
Catatan
Slide will amplify once nifty goes below 9750Catatan
The Support is holding quite well, and after all the bad news is absorbed the index still didn't break the support zone decisively. This suggests not enough selling pressure yet and market may reverse.
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