vish000agr

Nifty still undecided: Bias towards downside

NSE:NIFTY   Nifty 50 Index
Nifty is trading in the range of 9950 and 10300, this zone is no positional trade as of now, do not commit on any side as of now, short term trend is still uptrend. We will keep on looking for intra day shorting opportunities as long as it is failing to sustain above 10300.
For positional short it should close below 9930 at least. Upside has another immediate resistance area of 10440-10500.
So be careful in taking trades in index, trade with an open mind until a clear trend appears
Comment: booked partial profit at 9600

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