traderreborn14

Nifty prediction for coming week 15-19 Mar,2021.

NSE:NIFTY   Nifty 50 Index

Nifty is stuck between a strong resistance and support from March beginining.

Neither it is breaking the support or resistance and hence their is no clear direction of Nifty at present.

Whichever side Nifty breaks it will give us minimum of 500 points of rally.

Global cues are supporting Nifty due to which it is opening higher but sustainance is an issue with Nifty .

As informed in my previous post investors not showing confidence in Nifty above 15000 and hence it is struggling to stay strong above it.

It might get changed in coming week due to good global cues and investors might again support Nifty to rally more higher.

Until and unless the major support is not broken Nifty is good to rally higher.

If support is broken you know the targets.

Note: Views only for educational purpose. Consult your financial advisor for any trade.
Trade active: Team Important update...... Most likely the downfall of Nifty is completed today.

Expect Nifty to reverse its trend from here for coming days.

Comments

what will be NIFTY LEVELS for 15th march 2021. Have 1 week 15300ce Open position at CMP 53 . Please suggest whether to sell on market open itself or wait with stop-loss. If so, please suggest stop-loss
Reply
@sathys, If any candle closes below the major support area in 1 hr timeframe then probably you can exit. The major support area will be the stop loss for you. I cannot predict the levels for 15th March but can tell you that it might open positively due to positive global cues till now.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out