Monday, January 18, 2016

Nifty Short tearm view

On 18-01-2016 : made low because of on Friday it formed the Bearish Engulfing.
Exit all short positions in a day or two or around 7282-7255  spot levels and wait for the break of 7255 spot for further down moves (Wait for closing ).
Hourly Support 7255 & Daily Support 7282-7267 Spot .
If took support around 7255 spot levels or above (plus or minus 35 points) concentrate on buying only.  I strongly feel that market is heading towards 7500-7600 range again .


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