Sunday, 28 February 2021

Nifty Outlook for 01st Mar

 In the previous session : 

Nifty went down by 630 points before closing lower by 568 points on Friday as compared to the previous day's close. 

Nifty  made a new life time high of 15431.75 in this upmove from the levels of  7511.10  . 

On 26th Feb :

Nifty triggered our short trade with a big gap down and corrected further by 421 points . 

For 01st Mar :
Sustaining above 14640 enter for 14690 - 14730 - 14895 , SL 14555

Sustaining below 14415 enter for 14370 - 14330 - 14165 , SL 14505


Now for this week :

Nifty has immediate resistance at 14760 - 14830 zone and sustaining or closing above it we may see a further move towards 15000 - 15060 zone 

Nifty has immediate support at 14300 - 14230 zone and sustaining or closing below it we may see a further move towards 14060 - 14000 zone . 

Overall now Nifty needs to sustain and close above 15150 for any strength to be resumed on the upside in March .

Incase we get a gap up beyond the 1st target then will update fresh levels as per pre opening on the telegram channel "simplytradest.ocks"

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Disclaimer : These are my personal views and one should do their own research before entering any trades based on them  . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions.

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