Wednesday, April 19, 2017

As expected....Book Small profits....

Hi all,

As expected in my earlier post Hrishi's Blog - Shooting Star
Bull defended the key support area near 9150-80 for a lot of time, however could not sustain and Nifty broke the key support.

On the lower side now, 9080-50 will be first pit stop which is

Daily Supertrend support
A 78.6% retracement of the entire rise from 9019 to 9274 levels.
And a support and gap on houly charts

People who are standing short from the 9150-80 or higher levels can think of booking small partial profits near 9000 mark.

Below 9050-60, Nifty is expected to fall till 9020-8950 odd levels...

Cheers

Hrishi

No comments: