As expected NF took U- turn from 5174 touched 5256
abv 5256 achieved 5282 we booked profit @ 5315 & exited long.
Just watch level 5338
Now watch these level for bears if does not cross NF TGT 5234 Intra
Yesterday NF opened gap down , went exactly to our TGT -5138 made low 5133
took a U-turn went upto high 5187.45 & closed @ 5177.
Support @ 5138-5112
Abv 5174 NF will touch 5256
If crosses 5256 then watch 5282-5338
Today is weekly closing Nifty Spot need 100 pt upside for a positive weekly closing-
very much expected.
NOTE :
TODAY IS WEEKLY CLOSING, MONTHLY CLOSING & QUARTERLY CLOSING.
Yesterday NF opened below 5256 after giving high of 5147.25 it went on to low 5171
& close at 5197.25
Nifty spot gave low of 5169.60 breaking its low of last 40 days on 7th march 5171,
it means correction will go on for 45 days Imp Dates: 2nd -6th April
As said below 5256 our Tgt is 5138- 5112
IMP SUPPORT 5112
Intra hurdle @ 5171
Yesterday it was good volatile market NF opened with gap then went onto low 5188
then it went up to high 5295 then it closed below 5256 i.e 5251.75
TODAY HURDLE @ 5256
IF TRADE ABV 5256 FOR 15 MIN WITH VOLUME THEN 5326
BELOW 5256 PROBLEM FOR BULL WATCH DOWNSIDE UPTO 5138-5112
Yesterday Nifty opened below 5293 & below 5256 it went upto low 5181
it closed exactly at our level 5191.
Below 5256 it achieved our tgt 5193 .
Intra Hurdle @ 5256
Major Hurdle @ 5400
Below 5256 NF will touch 5112
Market will be very volatile
Yesterday NF after making High of 5410 unable to sustain abv 5402
Below 5382 went to achieve all our tgts 5337-5256-5234 & made low
of 5220.50 & close @ 5240.
NF did not achieve our tgt of 5100 on 22nd March which is 30 days from recent high
so now correction will go on for 45 days i.e IMP date to watch 6th April
Intra Hurdle @ 5290 abv it again 5337-5368
Intra Support @ 5234 below it 5193
Close below 5193 then Tgt -5112 for Fut
Today closing & low very IMP bcoz it will be continuous 5th negative Weekly Closing
Yesterday NF did not sustain below 5290 made low 5275
& gave a smashing rally abv 5338 upto high 5405
NOW :
IF NF FAILS TO CROSS 5425-5439 BAND
Intra Hurdle @ 5402, Intra Support @ 5357
WE EXPECT DOWNSIDE UPTO 5338-5357 BELOW 5382
OUR SHORT TERM TGT 5100