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.
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Nifty day high 8967, nearly top of the range. Took shorts with only 15 points stop loss. Let's see how it goes.