Nifty Outlook for 02nd Mar

 In the previous session : 

Nifty went up by 278 points before closing higher by 232 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  . 

On 01st Mar :

Nifty triggered our long trade and completed more than 2 targets doing 165  . 

For 02nd Mar :

 

Sustaining above 14885 enter for 14935 - 14985 - 15165 , SL 14790

Sustaining below 14635 enter for 14585 - 14540 - 14360 , SL 14730

 

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 . 

So far this week Nifty has made a high 14806.80 testing our initial resistance zone of 14760 - 14830 and closed just within it . Now Nifty has to sustain above 14830 in the coming session to make a move towards next targets of 15000 - 15060 where it can face some resistance .

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 "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.