nifty technical analysis for 11 march 2016
Nifty future today closed at 7486 with loss of 49 points. Today we seen fresh high opening at 7583 and then one side move with strong profit booking. Nifty made low near 7430 which was brought by strong hand and successfully closed above 7470 level. Above 7470 on closing basis keep long view for targets 7610 and then 7925. Nifty in range of 7400 to 7550 may spend some time before next major move. Which is healthy for market.traders keep buy on dips view with strict risk based stop loss for targets 7610 and then 7925. traders use nifty in the money options for buying and accumulation with stop loss.