The Nifty is in a sharp intermediate downtrend, says Ashwani Gujral, technical analyst, on CNBC TV18. He sees support for the Nifty at 4517 and resistance at 4630.
Support level never came into picture. Now we are almost 2% past the resistance level.
Closing strategy:
Nifty F&O Call: Buy Nifty with target of 4800-4850 and stop loss of 4550, says Ashwani Gujral, technical analyst, on CNBC Awaaz.
If one`s view is that mkt in a sharp intermediate downtrend, now has it changed for this positional call? No idea.
Bejan Daruwalla, GaneshaSpeaks
This week, the intra-day traders, who know how to play the market, will have a great time at Nifty, provided they play on both sides. Don`t base your trading strategy on a single trend, says Ganesha. You are likely to fetch a lot of money if you keep on cutting the deals frequently.
| NIFTY 
