nifty future technical analysis for 29 march 2016
Nifty future today closed with 77 points loss at 7659. In last hours we saw smart buying and closing at 5 days average. This signal there are still buyers out there and dips are getting bought. So keep buy and accumulate view. For intraday 7580 is stop loss level. For expiry 7550 is support and stop loss for short term traders. On upside 7820 and then 7925 will betarget levels. Option traders can buy next month nifty 7800 or 7900 call with same stop loss and for expiry view. Nifty trend reversal happen only below 7470 on closing basis. Until then these are on profit booking healthy corrections.