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Nifty Positional View

banknifty/nifty February 18, 2016 1:02 pm Leave a comment

We Intact same positional view on Nifty

Keep yourself long on Nifty above 7088 (better weekly) closing basis.

Targeting 7215 ……. 7450 (Long term trend decider – LOC) ++ in short term.

Same LOC for Bank Nifty is 13950 closing basis.

Intraday may rally above 14278

Targeting 14606 …… 14736.60.

Possibility

*Note: Avoid to long Nifty/Bank NIfty aggressively if USDINR traded above its key resistance level i.e. 68.5975

Market Analysis is subject of probabilities/Possibilities not certainties.

Technically Yours,
Team Technical IQ,
Jaipur.

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www.technicaliq.com, markets view is purely based on general guidelines of Technical Analysis. As markets are very dynamic by nature, so forecasting of markets is subject of probabilities not certainties. Before you get started with trading in the financial markets, you should consider your trading and investment goals, objectives, trading experience and your personal risk tolerance.We do believe subscribers/viewers acting on these recommendations or views after assuming all the risk involved then reach to actual judgment for buy or sell. Our site will never ever create any intention for bad information. This is only for your information and guidance. For more information visit:

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