mar expiry set up !

Virajsemwal Updated   
NSE:NIFTY   Nifty 50 Index
march set up !
1. blue line is the long term TL which nifty broke so it should act as a maj support !
2. trading above 34 EMA ,50 ema . at the bottom of the small channel(green)
4. 8000 PE has given a breakout on 30 min chart and the next resistance should be 98 & 116 ..
5. 9000 CE next support is at 90 levels..

how to trade this mar
1. if blue TL broken tmorw then short nifty for first target 8873 & 8799 can also buy 8800 PE for targets of 98,116,163 then .
2. if blue TL not broken then buy nifty for 9114 . one can also buy 9000 CE but buying advised only at 131+ levels for targets of 180 +...

disclaimer : this is for self and not any recomendation !
Comment: be careful tomorrow ! both CE n PE charts are the resistance & support zone....

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.