Wednesday 17 May 2017

NIFTY 50 VIEW

Nifty 50 (9512)

Nifty gave a gap up opening and showed our predicted zone of 9520 with a high of 9517. 

Now 9420-9410 can act a zone of support. 

The monthly range for nifty can end around 9520..9540 zone but as it is in an uptrend and rally mode if 9540 crosses on closing and maintain basis it can head towards 9680.

Nifty has been following a style of uptrend as entering into a new hundreds zone and not breaking it. This has been done by nifty from 8000 area to 9400 and so this time its 9500 if holds again it can head towards all new hundreds zone in coming weeks

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