Monday, February 29, 2016

Nifty- Budget 2016

Last Post expected the following Probability :

Since Trend is Down, keeping below 7230 close we may retest the Low / further below. 

We may get an upside bounce on a close above 7000 to test the Resistance zone now at 7150-7230.

Close above 7270 may signal a Bottom in place as of now.

Positionally the Low 6869 and apprx 100 points below is now a good Support zone.

As of now :

Will update on this further. 

1 comment:

Pradhumn said...

Good Analysis of Nifty Chart...