NIFTY TECHNICAL VIEW: In Consolidation Phase
Nifty has again closed above 9500 which is a major resistance. Next key resistance above this zone is at 9650. Trend will remain up unless Nifty falls below 9200.
We expect Nifty to move sideways in a broad range of 9000 – 9600 for few months.
9200 is the next major support and if Nifty falls below this, then it may slide up to the next support level of 8900.
Market View: In Consolidation Phase /26/ May /2017.