Last week markets witnessed full pressure and as it was discussed Here that from 29/02/16 to 05/03/16 is a pressure time zone. Nifty made a pinpoint Panic Low of 6825 and from there we witnessed a massive run up. From 6825 to 7505 within only 5 consecutive trading sessions. Hope all our valued & esteemed readers must have enjoyed superb profits by making a low risk entry exactly @ the bottom. A profit of 600+ points in one week.
Nifty may found difficulties to cross 7550- 7589-7600 zone.
A close above 7625 will open gates for 7715, 7880,7972, 8072.
Sell Nifty @ 7550 with SL @ 7560 on trading basis.
If stop-loss triggers then again sell @7590-7600-7625 zone with strict stop-loss @ 7635 on trading basis.
Buy Nifty if 7279-7252 zone comes, with stop-loss @ 7240.
Major resistance levels are 7550, 7589-91, 7600, 7685 7777-7787, 7804, 7972,
Major support levels are 7445-22, 7369, 7283, 7198, 7113, 7029, 6825.
* All levels are of Spot
7th& 9th March are the next Pressure date
Nifty may found difficulties to cross 7550- 7589-7600 zone.
A close above 7625 will open gates for 7715, 7880,7972, 8072.
Sell Nifty @ 7550 with SL @ 7560 on trading basis.
If stop-loss triggers then again sell @7590-7600-7625 zone with strict stop-loss @ 7635 on trading basis.
Buy Nifty if 7279-7252 zone comes, with stop-loss @ 7240.
Major resistance levels are 7550, 7589-91, 7600, 7685 7777-7787, 7804, 7972,
Major support levels are 7445-22, 7369, 7283, 7198, 7113, 7029, 6825.
* All levels are of Spot
7th& 9th March are the next Pressure date
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| Nifty Spot |
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