Monday 8 March 2021

Nifty Outlook for 09th Mar

  In the previous session : 


Nifty went up by 173 points then went down by 18 points before closing higher by 18 points on Monday 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  . 


For 09th Mar :
 
Sustaining above 15060 enter for 15120 - 15195 - 15390 , SL 14985

Sustaining below 14855 enter for 14790 - 14715 - 14525 , SL 14925

 

Now for this week :

Nifty has immediate resistance at 15105 - 15215 zone and sustaining or closing above it we may see a further move towards 15495 - 15565 zone 

Nifty has immediate support at 14770 - 14660 zone and sustaining or closing below it we may see a further move towards 14380 - 14310 zone . 


Overall Nifty needs to start sustaining above 15290 to continue moving up towards 15375 - 15435 and failing to do so and as long as it sustains below 15000 we can see it move towards 14820 - 14750 . 
 
Incase we get a gap up beyond the 1st target then will update fresh levels as per pre opening on the telegram channel "simplytradestocks"



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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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