Nifty View for Tuesday

NSE:NIFTY   Nifty 50 Index
159 1
Please find attached the chart showing Resistance levels for 27-6-17 on hourly time frame. Please trend is down of Hour and day t/f. Week is still positive. I have not talked about support as the trend is down . But one should always keep support at the back of the mind while bias is in favour of shorts below 9625. Support at 9578 on closing basis ( low 9560). Below which we have 9523. Nobody and no study can tell you in advance that Nifty will get resisted here and get support here. Levels guide you to take decision in realtime to trade and these levels also change and it comes with experience.

Strategy is to sell every rise till 9599-9625 with sl and go long if any hourly close is above either 9599 or 9625 with sl. Downtrend will get delayed because of the expiry and pl keep that in mind.

All the best for Trading.
Got resisted @ 9599 and fallen Booked puts around 9520. See for support around 9515 for a bounce. Below 9515, I will update later
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