nifty technical analysis for 17 march 2016
today closed at 7534 with gain of almost 50 points at day high. We see dip up to 7430 but that was buying opportunity. Nifty lower range is 7400 and upper range is 7580. Expect range breakout above 7580 for targets 7660 and 7715. Swing expiry target 7925 still open and nifty as expected follow buy and accumulate view. Near 7400 levels will be best buying opportunities with stop loss. Future traders keep short term targets around 7660 to 7715 and swing traders can expect 7925 till expiry. traders use far month 7900 call options to buy and accumulate.
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