NIFTY TECHNICAL VIEW: Near Crucial Level
Nifty was unable to stay above its crucial level of 9200. If it stays above this level, it may rise up to 9500. The zone of 9400 - 9500 is a major resistance. Short term trend will be up if Nifty closes above 9200.
On downside, Nifty has supports at 9100-9000. Even if Nifty falls below these level, 8900 is a major support. From any of these levels, there may be a bounce back as the momentum of fall is decreasing.
If Nifty falls below 8900, then the trend may start downward up to the next support level of 8600.
Disclaimer:
Research/Near Crucial Level /17 / April /2017.
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