AjayKumar00

NIFTY WEEKLY ANALYSIS ON 19 MARCH TO 23 MARCH 2018

NSE:NIFTY   Nifty 50 Index
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NIFTY TREND CHANGER LEVEL AT 10410

NIFTY ROLLOVER COST AT 10395

LAST WEEK ANALYSIS mentioned that long positions for the day can be taken above 10270 and short positions can be taken below 10160 . Nifty taken any levels . As mentioned in the previous post " Now this week Nifty has to sustain / close above 10310 to test 10450 - 10575 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 10140-10100 HOWEVER PAST WEEKS NIFTY CONSISTENTLY FACING SELLING PRESSURE FROM 10620-10500 . AND BEARISH BELOW 10200 CAN TEST 10150-10100 -9900 LEVEL

strong resistance zone at 10450 once crossover with volumes then finding next resistance at 10485 and this week only mantra ..sell on every rise keep of stoploss as next resistance levels and still our market showing weakness

Nifty FUTURE Levels for the WEEKly are

Long above 10300 TARGET= 10350-10410 - 10581 SL 10250

Short below 10190 TARGET= 10150 - 10990 - 9900 , SL 10240
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