IMPORTANT NIFTY LEVELS WATCH FOR 22/03/2016

Support 1 (S1) – 7680

Support 2 (S2) -7630 to 7640

Support 3 (S3) -7610

Resistance 1 (R1) -7720

Resistance 2 (R2) -7750

Resistance 3(R3) -7780

Nifty would be strong above 7630 and any decline up to this level should be an opportunity to buy with target of 7720-7750-7780.

On chart there is no major resistance of Nifty until 7800. The resistance R2 and R3 mentioned above could be psychological resistances.

Nifty would be weak below 7595-7590 with the target of 7570-7550.

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