The Nifty outlook on 17th September
The Nifty levels as I
wrote in my earlier post have become very difficult to predict. It has made a
high of 5586 from the lows of 5527If the Nifty holds on to these levels we can
see levels of 5624 and 5640. The 5624 mark is a very important level to cross.
The world indices played a pivotal role in the last trading sessions. We have
to wait and see how the Asia Pacific opens on Monday. The Dow has gained some
points on Friday. Therefore we can expect a good opening provided the Asia
pacific regions shows up green. Some of the nifty stocks too show some strength
which will be helpful to the Nifty.
On the lower side the
Nifty can lose much of its gain to touch 5552 and 5541. These levels form a
good support.
Happy trading!
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