As geopolitical tension grips; benchmark indices Nifty is at critical support it may dive to 9450 or bounce back to 9800 from current level. Better exist all longs and stay cautious; it has given trend reversal symptoms. Let us swim along with tide; will keep focus and work on sell on rallies opportunities.
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The rally may continue till 9900 hope so.
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Nifty inching towards resistance levels. Work for selling opportunities. Will watch for 9900 & 9950 levels.
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Working as per plan. Be careful at 9950
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As anticipated NASDAQ in deep red. 1.8% down. 9950 Was perfect resistance.
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Nifty may dip 9790. Avoid fresh longs on 18*08*17
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Exactly it did in single session
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Resistance @ 9900
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If closing @ 9800 shall bears zone; above 9800 no worry for bulls
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But it is essentially to cross two major levels immediately 9900 & 9980 for reiterating uptrend.
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Hour by hour market slips into bears hand; Beware Bulls!
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Today's closing is good for bears. Bears may pull the market towards 9450.
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