Nifty 50 Index
Long
Updated

India Nifty@23rd May 2016- Interim Update

103

Index opened gap up very close to 7800. We shall hold 7745—7750 as important support zone.

Aggressive Traders

Any push above 7790 shall take index close to 7840-7850 as our intraday target zone with strict stop loss below 7745.

Safe Traders

Once Index moves above 7813 which was resistance for triangle on 20th May 2016- shall give us same output as 7840—7850 as target zone.

Regards,
Abhishek H.Singh, CMT
Note
Avoid short positions & take only below 7730

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