Range Bias action 9750-9960.
Be careful while shorting..Look at 9780-9800 to initiate longs.
Keep in mind the global risk conditions.
Kommentar:
I will update my own trading position on this idea. Currently no position
Kommentar:
Nifty is strongly holding the support, however buying strength is also missing. This may be a time-corrective move and a push on either side will come soon. Having said that i still feel there will be no breakdown unless something very drastically happens with N.Korea.
Kommentar:
As discussed the trading range was not violated on the down-side, and in all certainty, we should see the next leg of upmove. Add long positions once nifty crosses 10000 on the upside