Nifty March 29, 2017:Nifty opened positively and continue to see buying interest before March Expiry. Nifty managed to close at 9143.80 just 17 points below all-time high closing at 9160.05. After nifty opened 28 points in the positively nifty was trading in the 45 points range throughout the session.
Nifty 29thMarch 2017 Price Movement:
Closing Price: 9143.80
Nifty FII activity 27th March 2017: FII’s buying interest followed for the second day, as they have bought 754 crores in Index futures and 112 crores in Index Option today.
Nifty Spot: 9143.80 (43)
Nifty Futures: 9142.85 (33.25)
Support: 9075, 9020
Resistance: 9160, 9200
Nifty Technical Chart Pattern: Spinning Top
Nifty Forecast/Outlook for 30thMarch 2017:Nifty forming a spinning top candle pattern today. As we expected nifty is slowly moving towards 9160 levels. Any closing above 9160 will trigger fresh buying in the market and any dips towards 9020- 9030 is also a buying levels.
Nifty Target for tomorrow 30th March 2017: the upsidetarget 9160, 9200 and the downside target 9075, 9020
Nifty Daily Term trend: UP
Nifty Short Term trend: UP
Nifty up trend reversal point: Closing below 8980 Levels.
Nifty Positional Call initiated on 14-Mar-2017: Continue to hold the long positions which are created @ 9080 levels of 9200, 9350, 9600 levels with the stop around 8980 levels.
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