Thursday, February 18, 2016

Intraday bottom formed...

Hi All,

Nifty has taken a support near the 15 minutes Super Trend and looks like it had formed the intraday bottom near the support zone of 7120-7140, and expected to go up from here on…. However, it should ideally cross 7170-7185 levels as a second confirmation…

However, don’t take any overnight long positions as markets are still facing resistance near 7200-7220 mark as expected in morning, let us play safe.


Cheers


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