nifty view march 29

Hi,

Yesterday we had written: “On lower side, on remaining below 5247, NF will go up to 5210. Break below 5210 will increase chances of breaking 5181 too. If NF is breaking 5181 with huge volumes and remains below it then we may see 5114 level too. Keep watching 5153 during this.”

Yesterday NF opened below 5247, made low around 5203 and given rally but could not cross 5247. NF made high of 5247.25 and crashed again, this time gone below 5181 too.

Today, while updating this SGX nifty is trading at 5143.

Today’s trading levels for Nifty Future:

Resistance: 5223-5258-5295

Support: 5153-5114-5087

Today, on crossover above 5210, NF will attempt for 5223. On crossover above this and sustaining above it will take NF to 5258. But chances are remote.

On lower side, on remaining below 5210, NF will try to break 5181. On break below 5181 chances are bright for  5114 level too. Keep watching 5153 during this.

Regards,

analysenifty team