Friday 14 October 2016

Postional View : Nifty by RSP

Nifty LTP 8580
Im expecting Nifty to form bottom near 8480/8445 zone. 
My view is invalid below 8400 close.

If able to hold mention range then Nifty target 8720/9292++ Positional View. 
Reason to Hold this level:
1.8 month trend line support comes near 8480/8445. 
2.100Ema/sma support comes at 8490/50
3. last July Months swing low sup at 8476.

view is personal and for educational Purpose only. if u r buying then strict hedge with Put. 

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