Friday, 23 September 2016

Nifty's trend - 23rd Sep,2016

Dear Friends, Good morning

As per my technical indicators, 8778 pivot is still intact...! The resistance level are at 8868 & 8928 ...!
But, please remember  - as I told earlier, if any of the coming days NIFTY is managed to close the level 8958+, the rally will be on flash mode till it reaches 9200 ....!

On a Medium range - Macro level , The range is aligned to 8506-8521 zone, on lower range.....! 
9200 + on higher range....!

======================

For a short term, as long as 8700 is not broken, NIFTY shows bullish trend only....!

If we managed to close above 8868 , we will move towards 8958 , or else again back 8778 level...!

Do not get surprise, if the movement range is narrowed down once again..... between 8778 and 8958 range, for a while.... ! (Something similar to 8666 point....of one full month...!)

But, indicators suggest ONE big move before expiry....! Let us wait for the opportunity..!

=====================

But please remember - NIFTY is always NIFTY ....! When the whole world is expecting for 9000+, there can be a surprise package towards 8506...!

Keep watching closely , time not to be idle, if you hold positions....!

With kind regards,

Rishi

6 comments:

  1. Thanks for the info....

    Om siva siva Om....

    ReplyDelete
  2. thanks Rishi for the regular updates.

    ReplyDelete
  3. thank you for your information sir

    ReplyDelete
  4. Thanks for the information sir.

    Venugopal Marimuthu Mumbai.

    ReplyDelete
  5. Thanks for the update Sir.
    Lot of interesting levels, should keep watching keenly.

    ReplyDelete