nifty weekly : 7470 tgt achived next tgt 7925

nifty weekly technical analysis for 14 to 18 march 2016

nifty weekly technical analysis for 14 to 18 march 2016

Nifty future this week closed with gain. This was second positive week from this index. Nifty future achieved my 7470 target now next major target on weekly chart basis is 7925.   Which can be expected in this series. Levels above 7925 also be possible on sharp short covering by trapped one. Above 7925, next resistance as well as target zones will be 8200 and 8600.   On downside 7470-7350 is major support band. Expect prices to bounce back from this zone. Any closing below it means trend faltering.   Future traders keep buy and accumulate view for swing tgt 7925. Option traders use far month 7900 call options for buying and accumulation with stop loss.

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Pramod Baviskar

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