Dated :- 19.03. 2017 NIFTY SPOT : 9160.05
Hi readers,
Nifty has moved up exactly
as was mentioned in my previous blog.
And readers of the
blog would have booked full profits from all long positions in Nifty at 9200
which was our level where we wanted to book full profits as Nifty opened at
9207 on Friday March 17, 2017.
Now what -
Now I want to see
Nifty's behavior at this level of 9200 to 9264.
Because these are the
levels where Nifty should face some resistance.
Let us see how Nifty
behaves from here in the coming week to get next cues from here.
As on today since we
have booked full profits from Nifty on Friday itself. We would like to watch
Nifty's movement in the coming week.
Levels for Nifty -
On the upside 9264 is
the resistance and after that 9380 is possible.
On the down side 9080
is important level below which Nifty may start more correction.
Strategy is to enjoy
the profits in coming week and watch Nifty's move in coming week.
Note - ALL THE LEVELS
ARE OF NIFTY SPOT ALWAYS.
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