Nifty on 15-04-2020

Nifty met resistance at 9300 as we predicted in yesterday’s update and closed below 9000 again.

Nifty Trend

Closing above 9000 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 remains below 9000.

Below 10000, technically we are in bear market.

Trades on 16-04-2020

Long above 9000 and Short below 9000. Please keep SL as per your risk appetite. Target will be clear in coming days.

Resistance also seen near 9300 and support seen near 8700.

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.