June 12, 2017

Nifty can be Bought in 9608-9568 Range for New High Above 9709

Nifty opened mild lower at 9638 and declined further to register day’s low 9608 but bounced again from lower levels to register day’s high 9676 before closing 21 points up at 9668.

Friday, a corrective decline towards 9622-9658 was expected and trading strategy was to hold Nifty shorts taken in 9679-9709 using fresh stoploss of 9689 expecting same target 9622-9568. Nifty declined further to achieve minimum target 9622, registered low 9608 but bounced again towards 9676. Let’s have a fresh look at latest charts for further scenario.

Read more at http://sweeglu.com/nifty-can-be-bought-in-9608-9568-range-for-new-high-above-9709/

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