Nifty - Rangebound with positive bias.
Updated
Similar to Bank Nifty, Nifty after two good months, is likely to be choppy with positive bias at least till next quarter results in April. Now a range is developing from 8860 to 9000 which can be seen here. There is also a gap area and 20 EMA which is likely to be filled/touched next week but only when 8860 gets broken till then play in the range. Be careful and manage your risk.
Note
Nifty day high 8967, nearly top of the range. Took shorts with only 15 points stop loss. Let's see how it goes.
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