Description
⋅ Nifty may go 9400 to 9525 if sustain above 9164 and then afterwards it may show downtrend upto 8500 to 8600 .
Will publish another view on it once it closes above 9600 .To trade in this range stop loss with 8875 on closing basis.
Trade active
⋅ Upside of 9400 -9500 range is achieved now have to look for lower target of 8500-8600.
Trade active
⋅ Nifty had achieved the target of fibo ratio 1.272 ans started showing reversal. The option OI data also indicating weakness upto 9600.