Reversing a
steady start to the week, the market went down on Monday but finally on Tuesday
bulls shown some strength & closed marginally higher above 11500 mark. The
Nifty managed to hold the 11350 level, filled the downward gap of the previous
session and witnessed strong momentum towards the 11500 mark. It formed a
bullish candle after witnessing a decline in last three sessions, which
indicated that the bulls are back on track to drive the market to fresh
six-month highs.
This week is the expiry week for F&O March series so volatility to be continued in the coming session. As long as Nifty holds above 11400 levels, it could extend the gains towards 11535 and then 11600 levels, while on the downside, support is seen at 11345 and then 11300 levels.
This week is the expiry week for F&O March series so volatility to be continued in the coming session. As long as Nifty holds above 11400 levels, it could extend the gains towards 11535 and then 11600 levels, while on the downside, support is seen at 11345 and then 11300 levels.
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Resistance: 11535, 11600,
11650
Support: 11345,
11300, 11250
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