Nifty spot opened at 10181.95 , it made a high of 10227.30 , it made a low of 10132.95, before closing at 10155.25
Had mentioned in the previous post " Now in this week Nifty has to sustain / close above 10300 to test 10405 - 10435 initially and above it we can see a move till 10525 - 10630 . Similarly Nifty has to sustain / close below 10090 to test 9985 - 9955 initially and below it we can see a move till 9865 - 9765 ." , and so far this week Nifty made a low of 10049.10 but managed to close above 10090 . Nifty has also not been able to break and sustain above 10300 and has been trading in a narrow range which can be broken and sustained in the coming session.
Had mentioned once March began that " Now for the month of March ,Nifty longs will get confirmed with a consecutive close above 10635 for a initial target of 10780 - 10820 and sustaining / closing above it we can see a further test of 10950 - 11090 . Similarly , shorts will get confirmed with a consecutive close below 10350 for a initial target of 10205 - 10165 and sustaining / closing below it we can see a further test of 10040 - 9900 ." , and today Nifty made a low of 10075.30 and nearly tested our next targets at 10040 - 9900 for the month . As mentioned in the previous posts " Now closing / sustaining below 10165 is needed for further correction till 10040 - 9900 . Nifty has immediate resistance near 10455 - 10485 . " , Nifty has made a low of 10049.10 this week just above our expected range of 10040 - 9900.
Now in the coming session Nifty needs to break and sustain above 10190 to test 10230 - 10240 initially and sustaining above it we can see a further upmove till 10270 - 10305. Similarly breaking and sustaining below 10120 we can see a test of 10085 - 10075 initially and breaking and sustaining below it we can see a further correction till 10040 - 10005.
Nifty Spot Levels for the day are
Long above 10190 for 10215 - 10240 - 10305 , SL 10145
Short below 10120 for 10095 - 10075 - 10005 , SL 10165
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