Nifty - 28th March

Mar 27, 2023

Markets behaviour today was in total range-bound. We saw both buyers and sellers in action. Be cognizant that the last hour selling was quick and appears like a panic sell-off. Sticking to the same view as yesterday, markets are still bearish but also be ready for a sharp recovery.
On the higher time frame the pattern looks like a bear flag. Hence trade safe on the both sides.


Please refer to the important supports and resistances on the chart.




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Mar 28, 2023

Note

You may use the same support and resistance for 29th March

Mar 29, 2023

Note

Morning price action seemed like a short-covering rally. But we saw prices were struggling to move upwards and price fell drastically. This can be seen as a pure bull trap. Look for more sell on rise set up's with strict stop losses. Happy trading!

Mar 29, 2023

Note

Bank nifty looks bullish which could help nifty to sustain. If prices reaches day high in bank nifty exit all shorts.

Mar 29, 2023

Note

Nifty sustained and rallied as discussed. Monthly expiry has high volatility. Trade safe!