Nifty if sustains 8700 then may reach 9000

Nifty if sustains 8700 then may reach 9000

Nifty if sustains 8700 then may reach 9000

Looking at yestardays movement with negative divergence in daily chart nifty expected to make certain low as 8400 or some lower end. After this fall retracement goes above 8700 then market will remain bullish and can make new high. Otherwise may reach 8200. So it is recpmmended to exit long partly at this level if nifty continues to give closses below short average in daily chart. PNB AND AL BANK GOOD ON SHORT SIDE.

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