Nifty analysis for 17 May

Nifty Analysis for 17 May On a larger time frame (daily / weekly) Nifty is trading in a range with bullish bias. So for the day we shall buy on dips. On 15 min chart Nifty has support near 7835 and then at 7815. Go long near supports at 7835 and 7815 for target of 7900. Go long in case Nifty breaks beyond 7907 resistance. Don’t go short in this market Click here to read Nifty view for the week. Nifty 15 min Chart    Swing/positional trades for the day: Buy TV 18 Broadcast for target of 44. Stoploss is 40 Buy Federal Bank for target of 53. Stoploss is 50 Sell SBI for target of 167. Stoploss is 181 Read this stock analysis – A midcap software company – on the verge of range breakout Recent gainers recommended by us SKS Micro Finance up 18% from buying price Berger Paint up23% from buying price M&M Financial Services up 32% from buying price (Booked)

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