Nifty moves on 11th march 2016 EOD analysis

Nifty EOD analysis 11th march 2016

Nifty has not broken decisively the crucial support in the range of 7440-7450 and made a higher low. It has closed at above 7500 after testing its low which indicates bullish rally towards 7600-7650. However nifty has faced stiff resistance at 7550 which it may try to break in the next trading session. For next trading session on monday, Our future call be on the long side in case of gap down opening. In case of gap up opening in the range of 7530-7545, Wait for the pull back, if it holds 7500 – 7520, buy.

Level to watch on monday 14th march 2016.

Support – 7440, Resistance1 – 7500, Resistance2- 7600

 

 

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