Nifty Ranged 9800 - 9950

NSE:NIFTY   Nifty 50 Index
Nifty is locked in a range of 9800 to 9960

For very short term trade light with any bounce from 9800-9790 to any fall from 9950.

Once 9960-9980 is taken out the up-move will resume.

Houly chart range 9800-9950

15 min chart range 9820 - 9950
the push towards daily strength zone of around 9500 seems imminent now.
Comment: Slide will amplify once nifty goes below 9750
The Support is holding quite well, and after all the bad news is absorbed the index still didn't break the support zone decisively. This suggests not enough selling pressure yet and market may reverse.


Small shorts can be added for Close < 9760
Nifty is still holding on to 9760-9780 as a zone in hourly chart..dont short unless this level is not broken
break from 9760 will add selling pressure
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