16th Feb Nifty and Stock intraday Trading Tips
Yesterday Nifty fall sharply. I mentioned that after good rely, we may see some profit booking. Now technically Nifty look weak and trend indicate sell on rise market.
Yesterday FII bought 225 crores and DII bought 249 crores in cash market segment.
Today Nifty open flat to positive. 8800 is strong resistance and traders go short on every rise. I don't think Nifty cross 8800 in this month. Today Nifty range may be 8800-8700.
SELL ON RISE TGT 8700 SL 8800