Nifty Ranged 9800 - 9950

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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

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ملاحظة

the push towards daily strength zone of around 9500 seems imminent now.

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ملاحظة

Slide will amplify once nifty goes below 9750

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ملاحظة

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.