nifty view march 22

Today, while updating this SGX nifty is trading at 5379.

Today’s trading levels for Nifty Future:

Resistance: 5443-5469-5488-5539-5592

Support: 5360-5356-5328-5290-5201

Today, on crossover above yesterday’s high NF will go up to 5443. On crossover above 5443, NF will go up to 5469-5488.

On lower side 5360-5356 are strong supports. If NF is not crossing yesterday’s high then on break below and sustaining below 5360-5356 will take NF to 5328. Below 5328, 5290 is last hope for bulls.

5360-5356 are strong supports so bulls will give their best to protect these levels.

Yesterday FIIs have sold NF worth 988 crores so if NF is not crossing yesterday’s high and breaks+sustain+close below 5356 then FIIs will kill this market.

Regards,

analysnifty team