Nifty Chart set up for Final 29 March expiry week
Nifty
Last time when Nifty closed at 16988 I had suggested that Nifty can attempt for 17200 / 17400 odd levels
Nifty achieved it's 1st target but is struggling thereafter.
In my Expiry range for 23rd March, I had given 17207 as an important upper resistance and only a close above 17233 would have opened doors for 2nd target.
On the lower side 17065 was given as lower level. Link for the idea is provided. Go ahead and click the Play button in that chart and see the magic unfold.
Nifty made a high of 17205 and couldn't sustain thereafter signifying weakness of the Bulls and finally closed just a tad above 17065.
Now heading in to the final week of March expiry.
Nifty has managed to stay afloat so far but will the Bulls face a similar fate like Team India did against Team Australia in 3rd and final ODI.
Team India looked in control of the game till 35th over but collapsed in the final overs.
The Line of Resistance are packed on the upside. The Bulls are literally standing against the wall.
And the Support levels are spread far across. In case Nifty breaks Below the green line of Support, the field would be wide open and Nifty target in that case could be around 16449 odd levels in coming days (Positional view)...
Psychologically Nifty closing above 17155 could give some hope to Bulls.
Nifty closing below 16960 would make Bulls nervous and a close below 16828 odd levels could give Bears total control.
Important levels on the upside
17155 / 17233 / 17400
Important levels of the downside
16960 / 16828 / 16449
I have a Bearish view and would consider it to be invalidated if Nifty closing is above 17155 / 17233 odd levels ( you can chose your level depending on the your risk appetite)
Take care & trade safely...!!!
If you find the Analysis helpful do Hit the Like button and Follow
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Last time when Nifty closed at 16988 I had suggested that Nifty can attempt for 17200 / 17400 odd levels
Nifty achieved it's 1st target but is struggling thereafter.
In my Expiry range for 23rd March, I had given 17207 as an important upper resistance and only a close above 17233 would have opened doors for 2nd target.
On the lower side 17065 was given as lower level. Link for the idea is provided. Go ahead and click the Play button in that chart and see the magic unfold.
Nifty made a high of 17205 and couldn't sustain thereafter signifying weakness of the Bulls and finally closed just a tad above 17065.
Now heading in to the final week of March expiry.
Nifty has managed to stay afloat so far but will the Bulls face a similar fate like Team India did against Team Australia in 3rd and final ODI.
Team India looked in control of the game till 35th over but collapsed in the final overs.
The Line of Resistance are packed on the upside. The Bulls are literally standing against the wall.
And the Support levels are spread far across. In case Nifty breaks Below the green line of Support, the field would be wide open and Nifty target in that case could be around 16449 odd levels in coming days (Positional view)...
Psychologically Nifty closing above 17155 could give some hope to Bulls.
Nifty closing below 16960 would make Bulls nervous and a close below 16828 odd levels could give Bears total control.
Important levels on the upside
17155 / 17233 / 17400
Important levels of the downside
16960 / 16828 / 16449
I have a Bearish view and would consider it to be invalidated if Nifty closing is above 17155 / 17233 odd levels ( you can chose your level depending on the your risk appetite)
Take care & trade safely...!!!
If you find the Analysis helpful do Hit the Like button and Follow
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
The levels have been given well in advance...
Results are in front of you.... Koi Shaq...
To trade with me
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