Market had rallied from the point we have recommended at 7950 onwards and
made high of 8423 till now. At this level, market is facing stiff resistance and
the strength of bulls is coming down.
Yesterday our calls triggered stop loss and it clearly shows the strength of bears
at these levels.
It is better to book profits at this level and look for shorting opportunity.
Sell Nifty @ 8390-8400
SL 8450
Target 8300, 8250
Sell Bank Nifty @ 18330-18350
SL 18500
Target 18100, 17950
If market falls below this, then market may retest its previous lows or maybe
fall even below them. Keep watching the blog to get latest updates
made high of 8423 till now. At this level, market is facing stiff resistance and
the strength of bulls is coming down.
Yesterday our calls triggered stop loss and it clearly shows the strength of bears
at these levels.
It is better to book profits at this level and look for shorting opportunity.
Sell Nifty @ 8390-8400
SL 8450
Target 8300, 8250
Sell Bank Nifty @ 18330-18350
SL 18500
Target 18100, 17950
If market falls below this, then market may retest its previous lows or maybe
fall even below them. Keep watching the blog to get latest updates
Benchmark indices ended higher but off day's high on May 10 with Nifty finished above 11,900 level..
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