Nifty on 17-04-2020
Nifty opened near our resistance level of 9300 and closed below it.
Closing at 9266 on Friday has given strong signal. Nifty can resume medium uptrend if it remains above 9000. Next resistance are 9500 and 10000.
Nifty can test much lower levels if it goes below 8800 now.
Below 10000, technically we are in bear market.
Trades on 20-04-2020
Long above 9300 and Short below 9300. Please keep SL as per your risk appetite. Target will be clear in coming days.
Resistance seen near 9500 and support seen near 8800.
By listening to our views you can get an idea about nifty movement on the trading days. Our Views are based on indicators explained in video. Please note that these are just views and how nifty moves depend on many factors. Please take your trade after all careful considerations and with strict SLs.
Please Watch our Video on Youtube.