AbhishekHSinghCMT
Long

India Nifty@23rd May 2016- Interim Update

NSE:NIFTY   Nifty 50
83 2 3

Index opened gap up very close to 7800. We shall hold 7745—7750 as important support zone .

Aggressive Traders

Any push above 7790 shall take index close to 7840-7850 as our intraday target zone with strict stop loss below 7745.

Safe Traders

Once Index moves above 7813 which was resistance for triangle on 20th May 2016- shall give us same output as 7840—7850 as target zone.

Regards,
Abhishek             H.Singh, CMT
Comment: Avoid short positions & take only below 7730
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
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