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NIFTY TECHNICAL VIEW: In Consolidation Phase

Nifty has again closed above 9500 which is a major resistance. Next key resistance above this zone is at 9650. Trend will remain up unless Nifty falls below 9200.

We expect Nifty to move sideways in a broad range of 9000 – 9600 for few months.

9200 is the next major support and if Nifty falls below this, then it may slide up to the next support level of 8900.

 

 

Disclaimer:

Market View: In Consolidation Phase /26/ May /2017.