Nifty : Shall Not Cross 8226

NSE:NIFTY   Nifty 50 Index
Dear Readers,

It looks like the big players are trying to pretend that they are bullish . However, the way Nifty has been moving for the last many days, it does not seem to be. It looks like they are trying to trap the traders in the bullish /long position or are compelling them unwind their short position.
The big players, for the last many days, are juggling with Nifty by keeping it move in the narrow range and then give a sudden rise, though not so big, and this compels the traders either to unwind their short position or take long position creating confusing/disturbing environment. However, it is better to cover the position at stop loss limits.
Nifty , at current stage, looks like, it is taking hurdle to sustain above 8200, though it is trying hard to sustain above it. Besides, the Bears will try to protect themselves by not letting the Nifty move above 8226.


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