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Saturday, March 28, 2015

S&P CNX Nifty Index - Daily & Weekly Trend & Trading levels - 30 Mar 2015

Nifty Daily Trend -  Bullish

Best buy & support @ 8324 Resistance @ 8358 above 8392 upside target capped @ 8468 - 8490 breakout pivot 8505 above that watch for 8575 - 8595



Weekly Trend - Bearish 

However, weekly technical suggests  below 8290 there is still room left for downside targeting 8215 - 8180 below that 8048



Strategy - Early Week Buy on Dips @ or below 8324 strict stops @ 8290 target 8468 - 8490, Later week its a sell on rises @  8490 or above 8502 for target 8215 - 8180

Now @ 8341.40

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