June 11, 2017

Nifty can be Sold in 9679-9709 Range with Stoploss of 9710

Note: this article was posted on 7-JUN.

Nifty opened higher at 9704 and registered new all time high 9709 but failed to sustain at higher levels and decline back sharply to register day’s low 9630 before closing 37 points down at 9637.

Friday, Nifty was expected to bounce towards 9706-9779 at least in near term and 9649 was short term reversal or breakeven point. And suggested to hold Nifty longs taken in 9590-9581 range on last Thursday expecting minimum extended targets 9706-9779. Nifty achieved minimum target 9706 and then decline back. Let’s have a fresh look at latest charts for further scenario.

Read more at http://sweeglu.com/nifty-can-be-sold-in-9679-9709-range-with-stoploss-of-9710/

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