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