NS VIEWS(30TH MARCH):
RES:5322-5336-5350
SUP:5286-5269-5252
BUY ABOVE 5308 WITH SL 5297 FOR TARGETS 5322-5336-5350
SELL BELOW 5297 WITH SL 5308 FOR TARGETS 5286-5269-5252
TODAY NIFTY IF OPENS WITH POSITIVE BIAS AND TRADE ABOVE 5308-5315 THEN MAY RETEST TODAYS HI OF 5330 FROM THERE IT MAY CORRECT TILL 5308-5302 RANGE AND THEN MAY AGAIN MOVE UP ,BUT IF TRADES ABOVE 5330 AND SUSTAINS ABOVE 5336 WILL SEE CHANNELL RESISTANCE AT 5350-5356 RANGE WHICH WILL BE STIFF RESISTANCE TO CROSS INTRADAY THERE NIFTY CAN BE SHORTED WITH SL ABOVE 5384( IN THIS UPMOVE NIFTY CAN SEE AN UPMOVE TILL 5368-5376) FOR TRGTS 5330-5315-5297
IF OPENS BELOW 5297 AND DOES NOT MOVE ABOVE 5297 IN FIRST 15 MINUTES THEN NIFTY CAN BE SHORTED WITH SL OF 5330 FOR TARGETS 5269-5252-5237 INTRADAY.
THOUGH NIFTY IS MOVING UP BUT BROADER MARKETS ARE NOT SUPPORTING THE UPMOVE, DECLINING STOCKS ARE FAR MORE THAN ADVANCING STOCKS, WHICH MARKS FOR CAUTION AT HIGHS.
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