Thursday, September 15, 2016

Nifty Analysis and Tips for 16 September 2016 onwards

Nifty Analysis and Tips for 16 September 2016 onwards
Nifty last close :8742.
Long Term trend is positive.Nifty is in bull run correction upto 8300.Any big dip should be used to build long positions..
Medium term trend is little murky. Now nifty is not tread able in broad range of 8640-8820. Every one will rush to buy if it breaches 8760 as per technical analysis.Similarly people will short below 8670.So be cautious in this range.
Overall Nifty has to break 9120.If its bear market  9120 will be broken to trap traders .In case of bull market scenario 9120 will be broken in path of 10000.
Just one thing:No heavy shorts as Nifty is in bull market unless proven otherwise.

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