Important Levels of Nifty for 14/03/2016

Important level of nifty to watch on 14/03/2016.

Pivot (P)  -7504 /7500

Support 1 (S1) -7460

Support 2 (S2) -7430 to 7440

Although Nifty is in supply zone (7550 to 7600) and already trading near it but from last 3 days it has made 3 higher lows (at 7430,7448 and 7460). It clearly indicates that more upside is intact in the Nifty.

If nifty opens and holds the 7500 to 7510 level then it will be bullish signal with the Target of 7550 first and 7600 later with stop loss at yesterday low .

If nifty opens below 7500 and maintains below it then it will be a bearish signal. Take a bearish trade only after it breaks and maintains below 7460 to 7450 with the Stop at 7550 with the Target of 7400 (Intraday) first and then 7250 for positional trading.


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