Monday, March 18, 2013

Nifty Strategy for 18-3-2013


NIFTY FUT (5897.10)
Closing Base Support and Resistance
Nifty Support at 5838-5801-5766

Nifty Resistance at 5867-5899-5920



Today market will open GAP DOWN. Today we will see high volatility on down side.  Nifty is having good support at 5838, below this level nifty will show more panic upto 5801. Friday we told that sell Nifty
below 5920 and targets were 5901-5891-5877 and nifty made low of 5880 then returned. Our third target we can say almost achieved. This is not magic, its a power of charts and Technical Analysis.




Sell Nifty only  below 5867 for the target of 5847-5830-5813 keep sl of 5881 on closing basis.

On Friday we told this Today if nifty breaks 5900 series and close below this level, then dont hold any long positions.

Today if nifty close below 5801 level then remain neutral in market.