nifty technical analysis for 10 march 2016
as expected given reversal and closed above 7470. We saw today almost 130 points rally from low to high. Fresh breakout seen and above 7470 nifty will remain buy. On upside expect targets of 7610 and then 7925. 2% cut in open interest shows shorts getting out of system. side we seen strong writing at OTM put options which also supporting market.