nifty premarket : above 7550 keep long view tgt 7670-7830

nifty future technical analysis for 30 march 2016

nifty future technical analysis for 30 march 2016

Nifty future today closed at 7613 with loss of 25 points. Today nifty high was at 7674 while low was at 7597. Total almost 80 points intraday range and nifty tried to test 7800+ target in intraday but failed on supply pressure. Today after opening nifty given almost 50 points profit.     Here outlook still remain bullish and use these dips to buy and accumulate in nifty future April. 7550 is stop loss for intraday traders and 7470 is stop loss levels for swing traders with price targets 7925.     Option traders use nifty 7900 call option April expiry to buy and accumulate with stop loss below 7470.

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Pramod Baviskar

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