nifty future : another 140 points rally tgt 7470

nifty technical analysis for 3 march 2016

nifty technical analysis for 3 march 2016

Nifty future today closed at 7367 with gains of almost 140 points. With strong up opening we seen extension to the rally and closing at day High. As suggested already nifty future is heading towards 7470 target. Above 7150 outlook remain bullish and major correction will be buying opportunity. Traders with profit must trail stop loss to protect profits.   For tomorrow, nifty intraday support zones will be 7340 and 7200. On upside expect resistances at 7400 and 7470.   Option traders keep buy and accumulate view for 7000 call options.

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Pramod Baviskar

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