Nifty Analysis for 25 Apr 16

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Nifty Analysis for 25 April Nifty is trading in a broad range of 7980 and 7880. Ranges are meant to be broken on either side. On daily chart Nifty is near resistance. However Nifty is in uptrend. A small correction and Nifty is can resume its uptrend again. For the day, go short if Nifty breaks below 7880. Possible targets are 7850-7825-7775 If Nifty breaks beyond 7925 on higher side one can go long for targets of 7940 and further 7955. Check Nifty veiw for the week here. Nifty 15 min Chart

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Disclaimer: In the interest of our readers and subscribers, recommendations are prepared abiding to our highest standards & principles for providing advisory services. Subscribers understand that trading is inherently risky and can incur substantial losses. Bonvista Financial Planners or its promoters or its employees own no responsibility of the consequences of profit or losses incurred by acting on these recommendations. It is sole discretion of trader/subscriber/reader/user of these services to trade recommendations at his/her own risk