NIFTY VIEW MARCH 13

Hi,

Yesterday we had written: “Today, above 5375, NF will attempt for 5405. If NF manages to cross 5405 then also there is a strong resistance zone of 5418-5428-5437”.

Yesterday NF made open high of 5434 and in 5mins gone below 5405. Then taken couple of attempts but could not cross 5405.

For lower side we had written: “On lower side 5340 is a strong support now. Chances are less but if NF breaks 5340 then next levels are 5323-5311”.

In panic NF made low of 5345.30 and closed at 5388.75.

Today, while updating this SGX nifty is trading at 5433.

Today’s trading levels for Nifty Future:

Resistance: 5405-5418-5437-5458-5490

Support: 5353-5345-5325-5311-5281

Today, above 5405, still there is a strong resistance zone of 5418-5428-5437. On crossover above 5437 with volumes and sustaining above it for 15-20 mins will take NF to 5490, during this keep 5458 in mind.

On lower side 5353-5345 has became strong support now. Below 5345 we can see sharp fall up to 5325-5311.

.

Regards,

ANALYSENIFTY TEAM