Important nifty levels watch for 23rd march 2016

Support 1 (S1) – 7640 to 7650

Support 2 (S2) -7620

Support 3 (S3) -7595

Resistance 1 (R1) -7730

Resistance 2 (R2) -7750

Resistance 3(R3) -7800

Strong bullish momentum in Nifty is still intact as it is making series of higher swing highs and higher swing lows and no sign of serious profit taking. One can expect easy run up to 7900 in the next month.

Today, Nifty would be strong above 7710 level with the target of 7550-7800.

Any decline up to or near 7640 to 7650 should be used as a buying opportunity.

Trend would be weak below 7640 with the target of 7620-7600.

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