nifty technical predictions for 18 march 2016
Nifty future today closed at 7492 with loss of 35 points. Nifty as expected opened in positive but strong profit booking wave swept all gains and closed market in red. Market facing strong supply here so watch 7470 support if gives closing below it on strong price and volume then trend will falter. In that scenario expect deeper correction up to 7150. Above 7470 keep long view and buy and accumulate strategy.traders take buy or sell decision after watching levels. trader’s exit or book profit in there long calls. Nifty future weekly chart signaling early weakness as well as topped out signs.