Nifty Outlook for 15th Mar

 In the previous session : 

Nifty went up by 161 points then went down by 221 points before closing lower by 144 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 12th Mar :

Nifty triggered our long trade with a gap up near our 1st target and reversed took our stoploss . Post that Nifty reversed to trigger our short trade and nearly completed 2 targets doing 120 points.

For 15th Mar :

 

Sustaining above 15095 enter for 15135 - 15180- 15300 , SL 15050

Sustaining below 14965 enter for 14925 - 14880 -14760 , SL 15010

 

Now for this week :

Nifty has immediate resistance at 15135 - 15200 zone and sustaining or closing above it we may see a further move towards 15380 - 15425 zone 

Nifty has immediate support at 14925 - 14860 zone and sustaining or closing below it we may see a further move towards 14680 - 14635 zone . 

Those who are looking to short in the range of 15135 - 15200 should keep a stoploss of 15255 and those who are looking to buy in the range of 14925 - 14860 should keep a stoploss of 14810 . Exit the positions once the price starts sustaining above or below the stoploss.

Overall Nifty needs to start sustaining or closing 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 . 

So far this month we have seen a high of 15336.30 but Nifty failed to sustain above it and we saw a sharp correction.

 

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

Join our Telegram Channel "simplytradestocks" for live stock trading ideas during market hours                                      

To receive this post daily in your inbox, kindly register by adding your email id in  the 'Subscribe to my posts' section on the top right side of the blog.

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.