Hello Friends Yesterday I have discussed that nifty may fall upto 17200. Also I told you that 17200 will act as support if it is broken then we can see a free fall upto 16800.
Also I told you that it is monthly and weekly expiry so be cautious in your trade.
Today nifty started falling in starting and made a low of 17351 and then an upward movement started and this will go up to 17564 and nifty closes at 17547 which is its 5 MA on daily chart.
It means of nifty sustain above this point i.e. 17547 than it may go upto 17623 and 17700 but it's still sell on rise.
So trade accordingly. Friends do your own analysis before taking a trade as profit and loss is belongs to you.
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Thanks
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