nifty view 21.5.2016

21.5.2016 NIFTY ANYLASIS» CLOSE 7767

NIFTY FROM 1ST TO 21 MAY»» 7965-7700 RANGE very dicy and range bound move in mkt.. with big expiry month..now  this week expiry again we will be completing this month is same range.
this week will be retracment week of fall

now mkt is going to decide of breakout zone either by this expiry or june first week..

just keep watch nifty should not close below 7700 on weekly basis..
just keep watch nifty should close above 7965 on weekly basis

both will trigger 400pt nifty swing for next 2 month... june july either 8330 or 7583-7480-7257 for july expiry

retracement of this week will be 7880-7920-7957
for upper side upmove mkt need close above 7957-8005 on weekly basis.. to get upper move toward 8180-8330 if nifty retrace toward upper move 7880-7920 -7957 and fail to show upmove for next expiry june and break 7700 on weekly basis in first week of june. we will see all retracement for downside start...

this week and next week keep watch mkt move closely.. more update will be only daily basis. on telegram.
aayeshatech
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