Dated :- 26.03. 2017                                 NIFTY SPOT : 9108.00

Hi readers,

Nifty has moved exactly as was mentioned in my previous blog.

It was clearly mentioned to book full profits at 9200 and step aside because Nifty was expected to come down a bit.

Same happened Nifty made a low of 9019 in the previous week and closed at 9108.

This 9218 was a good resistance for Nifty and we will not be much interested in buying Nifty for positional trades till it does not close above 9218.

Till Nifty does not close above 9218 expect Nifty to move in a small range with negative bias.

But remember whatever the trading has to be done should be done for small profits. Do not stay or welcome for more and good profits.

Rather the time and setup Nifty has, it is required to be played like every day to be a new day and close the position by the end of the day.

In these periods traders are likely to get both the opportunities to buy and sell.

And to put it differently for swing traders Nifty is in a no trade zone. It want to spend some time and during that time spending it wants to correct a bit also.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.