Thursday, April 7, 2016

Trying their level hard....

Hi All,

Hi All, as mentioned yesterday, Nifty did not break the crucial supports near 7580-70 levels and traded marginally higher for the entire day.

Would like to reiterate that Nifty bas will change to negative only below the said levels of 7580-70, though the probability of the same happening is higher, we will play safe before taking any short positions.

Traders can think of remaining on the buy side till the time Nifty is above 7580-70 levels.

Levels to watch out for (No change)  -

Supports – 7570-7510-7470-7400
Resistances – 7650-7700-7740-7785-7800


Cheers

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