Nifty Outlook for 31st Mar

  In the previous session : 

Nifty went up by 369 points before closing higher by 338 points on Tuesday 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 30th Mar :

Nifty triggered our long trade with a gap up and completed all targets and more doing 250+ points . 

For 31st Mar :

 

Sustaining above 14925 enter for 14975 - 15030 - 15180 , SL 14870

Sustaining below 14765 enter for 14720 - 14660 - 14510 , SL 14820

 

Now for this week :

Nifty has immediate resistance at 14610 - 14670 zone and sustaining or closing above it we may see a further move towards 14845 - 14890 zone 

Nifty has immediate support at 14405 - 14345 zone and sustaining or closing below it we may see a further move towards 14170 - 14125 zone . 

So far this week we saw Nifty make a high of 14876.30 within the next resistance zone and also closed within it . Now in the coming sessions Nifty has to sustain above 14890 for a further move towards 15040 - 15190

Now on the downside Nifty has immediate support at 14610 - 14670 zone and if it breaks and sustains below it then a further move towards 14345 - 14405 can be seen. 

So far in the month of March we have seen a high of 15336.30 but Nifty failed to close above 15290 and we saw a sharp correction of nearly 1000 points till 14264.40 .

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.