nifty future technical analysis for 31 march 2016
last closed at 7742 with rally of 121 points. As I told nifty after correction firmly stick to 7925 trend target and hit high of almost 7750. Here on upside 7780 and 7850 are intraday resistances and on downside 7680 and 7590 are support levels. For expiry day expect high volatility and both side moves but overall outlook remain bullish and strategy remain buy at supports. trader’s book profit in call options and can buy it on lower levels on correction. Nifty is approaching top and from here 300-500 points’ correction is due for next 1-2 months.