As posted in our last newsletter, Nifty behaved in the exact manner. Nifty found resistance in our second resistance zone of 10450-10485 and from there we got windfall profits. It was also very clearly stated that a close below 10108 will open the gates for 9870-26, 9724, 9680. Further, a close below 9700 will open the gates for much lower targets.
As of now 9775 to 9724 this zone is an important support and this zone has the potential to give a temporary pause to 'BEARS' .
Major resistance levels are 10050, 10125, 10226, 10327,10475
Major support levels are 9875, 9770-9725, 9628, 9530.
Nearest pressure date is 27-30 Mar'18. We may see volatile movts. around these dates.
As of now 9775 to 9724 this zone is an important support and this zone has the potential to give a temporary pause to 'BEARS' .
Major resistance levels are 10050, 10125, 10226, 10327,10475
Major support levels are 9875, 9770-9725, 9628, 9530.
Nearest pressure date is 27-30 Mar'18. We may see volatile movts. around these dates.
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| Nifty Spot |
** Disclaimer: these are my personal views and for educational purpose and trade taken on these observation should be traded with strict Sl. Please also read the detailed Disclaimer mentioned in the Right side of Blog.
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