Nifty
CMP 9902
Observations
- While falling from all time highs, we observe Nifty had taken a pause at 9872 levels for 2 days
- After flirting with 9860-9880 zone in the last 2 trading sessions, now Nifty is back above that level
The continuation of this rally on the upside in Nifty will depend on its ability to hold & defend the said zone.
For any long position in Nifty 9860 level on closing basis should be the Stop loss
Take care & safe trading...!!!