Nifty after the beautiful rally closed on the positive note above next day CPR.
16600 level is the next possible first resistance to watch out which is also coinciding with our V-CPR zone of 04 MAR. If taken out we can expect 16800 levels.
In case of a gap up opening, R1 & Bearish Reversal zone is to the be watched out. Any support above this we can expect the above targets.
In case of flat or gap down opening , wait for support around the CPR and go long for possible above targets.
Tomorrow being expiry if markets open flat then we expect it to be in a range in the first half and then show some moves.
16600 level is the next possible first resistance to watch out which is also coinciding with our V-CPR zone of 04 MAR. If taken out we can expect 16800 levels.
In case of a gap up opening, R1 & Bearish Reversal zone is to the be watched out. Any support above this we can expect the above targets.
In case of flat or gap down opening , wait for support around the CPR and go long for possible above targets.
Tomorrow being expiry if markets open flat then we expect it to be in a range in the first half and then show some moves.