Nifty spot opened at 9968.80 , it made a low of 9951.90 , it made a high of 10012.85, before closing at 9983.35
Had mentioned that long positions for the day can be taken above 10150 and short positions can be taken below 10080 . Nifty opened near our last short target and did not give a chance to trade . Now in the coming week Nifty needs to break and sustain / close above 10050 for a test of 10120 - 10135 initially and above it till 10195 - 10260 .Similarly Nifty needs to break and sustain / close below 9920 to test 9850 - 9830 initially and below it till 9770 - 9705 next.
Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain above 10050 to test 10185 - 10195 initially and sustaining above it we can see a further upmove till 10230 - 10265. Similarly breaking and sustaining below 10080 we can see a test of 10045 - 10035 initially and breaking and sustaining below it we can see a further correction till 10000 - 9965 " , and today Nifty opened only at 9968 and made a low of 9951.90 below our next targets .
Had mentioned once March began that " Now for the month of March ,Nifty longs will get confirmed with a consecutive close above 10635 for a initial target of 10780 - 10820 and sustaining / closing above it we can see a further test of 10950 - 11090 . Similarly , shorts will get confirmed with a consecutive close below 10350 for a initial target of 10205 - 10165 and sustaining / closing below it we can see a further test of 10040 - 9900 ." , and today Nifty made a low of 9951.90 and nearly tested our next targets at 10040 - 9900 for the month . As mentioned in the previous posts " Now closing / sustaining below 10165 is needed for further correction till 10040 - 9900 . Nifty has immediate resistance near 10455 - 10485 . " , Nifty has made a low of 9951.90 last week just near our last expected target of 9900 .
Now in the coming session Nifty needs to break and sustain above 10010 to test 10035 - 10040 initially and sustaining above it we can see a further upmove till 10065 - 10090. Similarly breaking and sustaining below 9955 we can see a test of 9930 - 9925 initially and breaking and sustaining below it we can see a further correction till 9905 - 9880.
Nifty Spot Levels for the day are
Long above 10010 for 10025 - 10040 - 10090 , SL 9975
Short below 9955 for 9945 - 9925 - 9880 , SL 9990
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Disclaimer : These are my personal views and one should do their own research before entering any trades based on them . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions.