IMPORTANT NIFTY LEVELS WATCH FOR 17/03/2016

Watch Important Nifty Levels for 17th march 2016

Support 1 (S1) – 7493

Support 2 (S2) -7450 to 7440

Support 3 (S3) -7405

Resistance 1 (R1) -7530

Resistance 2 (R2) -7550

Resistance 3(R3) -7600

The Nifty showed great sign of reversal from 7400 level. If it closes above 7583 or higher then higher probability of  continuation of uptrend as it will negate the bearish reversal pattern on the daily chart.

Long Nifty if it holds 7500 level at 7515 to 7520 for the target of 7550-7580-7600-7630-7670-7700.

Short Nifty ( at 7435 to 7430) if it goes below 7440 and continue trading below it for the target of 7405-7380-7350.

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