Updated every Monday, on weekly basis.
15th May 2017 (Monday)

NIFTY (Cash)

Market Short-term trend : For Short-term positions

Next major resistance 9500

Market is likely to recover, after a minor correction in last week
Nifty has the next minor resistance at 9450.
Market has to close steady above 9450, for a positive trend
Then the next major resistance above is at 9500
A short-term consolidation is possible at this barrier of 9500

In-case of any weakness, support below is at 9400
Only incase of any close below 9400, then it indicates a weakness.

Then the next major support below is at 9350
Only incase of any failure at 9350, then it indicates a short-term correction

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.

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