FII BOUGHT 1531 CR IN & F & O
FII BOUGHT 816 CR IN CASH
DII SOLD 298 CR

NS VIEWS:
RES:5245-5261-5274
SUP:5225-5203-5177

TODAY NIFTY MAY OPEN FLAT AND MAY TRADE IN 5203-5274 RANGE

BUY ABOVE 5239 SL 5225
SELL BELOW 5225 SL 5239

ON 17TH MARCH SURPRISINGLY NIFTY 5300PE SAW AN ADDITION OF O.I OF 18.2 LAKHS (5200PE ALSO SAW AN ADDITION OF O.I OF 15 LAKHS) AS YET NF IS BELOW 5300 AND 5300CE ALSO SAW AN ADDITION OF O.I OF 10LAKHS..

WILL BULLS LIKE TO CLOSE THIS MARCH SERIES NEAR 5300????

5274-5298-5337 MAY GIVE RESISTANCE TO NIFTY UPMOVE IN COMING DAYS,IT MAY CONSOLIDATE IN 5337-5150 RANGE BEFORE GIVING FURTHER BREAKOUT FOR HIGHER TARGETS OF 5420-5492.

AS DOW TODAY ALSO CROSSED ITS PREVIOUS 52 WK HIGH ALA NASDAQ AND EUROPEAN MARKETS....ASIAN MARKETS MAY SOON FOLLOW AND MAY BREAK THEIR PREVIOUS 52WK HIGHS...

FIIS HAVE BEEN HUGE BUYERS SINCE BUDGET DAY,SO FOR ANY REVERSAL WATCH THEIR DAILY TRADE FIGURES CLOSELY.
INDIA VIX WAS AT 17.73 ALL TIME LOWS INDICATING MARKETS ARE HIGHLY OVERBOUGHT AND MAY SEE SOME CORRECTION ,ONLY IF CLOSE BELOW 5150 THIS CORRECTION WILL BECOME FALL TILL THEN BUY ON DIPS AND TRADE INTRADAY WITH STRICT SL..

I EXPECT NIFTY TO TRADE IN 5203-5337-5148-5284 THIS SERIES...MAY SEE CLOSE ABV 5250 THIS SERIES..
THIS VIEW WILL BE NEGATED IF NS CLOSES BELOW 5148 ANYDAY OR NS COULD NOT BREAK 5274 IN NEXT 2 DAYS