Updated every Monday, on weekly basis.
20th Mar 2017 (Monday)
Market Short-term trend : For Short-term positions
Market has to sustain above major resistance 9200
Caution at higher levels
Market is now closer to the major barrier of 9200
A minor cautious trend is seen at this levels of 9200, in last week
Nifty incase of a positive trend, then the next resistance above is at 9200
Nifty has to close strong above 9200, for a further uptrend
In-case of a reaction, and if declines below minor support 9150, then it indicates a minor correction.
Then the next major support below is at 9100, and only a close below 9100, indicates a further weakenss.
Then the next major support below is at 9000.
Disclaimer: This content is only for Education and for Information purpose. There is risk of loss in the stock markets and it is not suitable for all Investors/Traders. Returns in the market are dependent on market conditions. The analysis made herein is based on Technical Analysis, and is subject to change. Readers of this column are advised to use their own discretion before trading or investing in the financial markets and they are only solely responsible for their actions.
Only incase of any failure to sustain above 9000 then it indicates a short-term correction