Nifty - 28th March

27 мар. 2023 г.

Markets behaviour today was in total range-bound. We saw both buyers and sellers in action. Be cognizant that the last hour selling was quick and appears like a panic sell-off. Sticking to the same view as yesterday, markets are still bearish but also be ready for a sharp recovery.
On the higher time frame the pattern looks like a bear flag. Hence trade safe on the both sides.


Please refer to the important supports and resistances on the chart.




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28 мар. 2023 г.

Заметка

You may use the same support and resistance for 29th March

29 мар. 2023 г.

Заметка

Morning price action seemed like a short-covering rally. But we saw prices were struggling to move upwards and price fell drastically. This can be seen as a pure bull trap. Look for more sell on rise set up's with strict stop losses. Happy trading!

29 мар. 2023 г.

Заметка

Bank nifty looks bullish which could help nifty to sustain. If prices reaches day high in bank nifty exit all shorts.

29 мар. 2023 г.

Заметка

Nifty sustained and rallied as discussed. Monthly expiry has high volatility. Trade safe!