NIFTY WEEKLY ANALYSIS ON 5 MARCH TO 9 MARCH 2018
NIFTY TREND CHANGER LEVEL AT 10410
NIFTY ROLLOVER COST AT 10395
LAST ANALYSIS mentioned that long positions for the day can be taken above 10430 and short positions can be taken below 10330 . Nifty triggered our LONG trade for the day and completed 1ST targets . As mentioned in the previous post " Now this week Nifty has to sustain / close above 10310 to test 10450 - 10675 initially and above it till 10765 - 10860 next . For a further downmove this week Nifty has to sustain / close below 10250 to test 10210 - 10185 initially and below it till 10145 - 10100 next ..
For coming week bulls need to trade above 10250 for a move back towards 10500/10765. Bearish below 10100 for a move towards 10000/9900.
NOW NIFTY HAS SEEN STRONG SUPPORT ZONE 0350-10450 HOWEVER PAST WEEKS NIFTY CONSISTENTLY FACING SELLING PRESSURE FROM 10620-10500 . LOOKING AT SGX NIFTY AT 10300 LEVEL APPEARING BIG GAP DOWN,BREAK DOWN BELOW 10300 CAN TEST 10250-10100 LEVEL
Nifty FUTURE Levels for the WEEK are
Long above 10370 TARGET= 10410 - 10581 - 10636, SL 10300
Short below 10280 TARGET= 10220 - 10120 - 9900 , SL 10410
NIFTY ROLLOVER COST AT 10395
LAST ANALYSIS mentioned that long positions for the day can be taken above 10430 and short positions can be taken below 10330 . Nifty triggered our LONG trade for the day and completed 1ST targets . As mentioned in the previous post " Now this week Nifty has to sustain / close above 10310 to test 10450 - 10675 initially and above it till 10765 - 10860 next . For a further downmove this week Nifty has to sustain / close below 10250 to test 10210 - 10185 initially and below it till 10145 - 10100 next ..
For coming week bulls need to trade above 10250 for a move back towards 10500/10765. Bearish below 10100 for a move towards 10000/9900.
NOW NIFTY HAS SEEN STRONG SUPPORT ZONE 0350-10450 HOWEVER PAST WEEKS NIFTY CONSISTENTLY FACING SELLING PRESSURE FROM 10620-10500 . LOOKING AT SGX NIFTY AT 10300 LEVEL APPEARING BIG GAP DOWN,BREAK DOWN BELOW 10300 CAN TEST 10250-10100 LEVEL
Nifty FUTURE Levels for the WEEK are
Long above 10370 TARGET= 10410 - 10581 - 10636, SL 10300
Short below 10280 TARGET= 10220 - 10120 - 9900 , SL 10410
Aviso legal
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