Nifty view: Fight between the Bulls & the Bears

Nifty view

We have been cautious on Nifty since 10451 levels...

Now we have been closely monitoring behavior of Nifty trade at 20 day EMA and so far on expected lines has been giving it's due respect...

Now heading into the weekly close its the 3rd day of battle near 10280

A decisive close below 10280 and Bears will try to take it down to 10160 odd levels

A close above 10320 and Bear might be on the back foot...

And a close in between 10280-10320 will suggest battle to be carried forward to the next week...


Take care & safe trading...!!!

Trade closed: target reached:

Nifty
CMP 10193

We are close to our target of 10160.

Consider booking profits as per risk appetite...!!!

Happy trading...!!!