Nifty Ranged 9800 - 9950

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Nifty is locked in a range of 9800 to 9960

For very short term trade light with any bounce from 9800-9790 to any fall from 9950.

Once 9960-9980 is taken out the up-move will resume.

Houly chart range 9800-9950
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15 min chart range 9820 - 9950
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Nota
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the push towards daily strength zone of around 9500 seems imminent now.
Nota
Slide will amplify once nifty goes below 9750
Nota
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The Support is holding quite well, and after all the bad news is absorbed the index still didn't break the support zone decisively. This suggests not enough selling pressure yet and market may reverse.
NIFTYnseindiaTrend Analysis

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