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March futures News
Strong support at 5,632 likely The spot Nifty and March futures achieved our targets � support and resistance � and closed at the middle of the day�s range (5,663-5,729) on profit booking at the higher level. We had indicated in our Sunday edition that the Nifty has strong support around 5,660 and face resistance above 5,737. The market profile suggests a normal day as the participation rate was more of day traders
Support seen at 5,560 level
As expected, Thursday was perfectly followed by a new vertical move on Friday, with spot Nifty and March futures achieving our target and closing at the day�s high on a perfect trend day. The
Nifty likely to move up around 5,547
As expected, the spot Nifty and March futures achieved our time price opportunities (TPO) based target and closed at the day�s high on a perfect non-trend day. The non-trend day formation
Volume-based upside around 5,571 level
The benchmark indices, BSE Sensex and S&P CNX Nifty, bounced back from Tuesdays selloff to close above immediate resistance levels on short covering. However, the trading formation indicate non
Support seen at 5,400 level
Nuclear leak risk has spiked the domestic market as investors withdrew from risker assets after Japan said the danger of further leaks remains. The market, however, covered two-third of the morning
Volume-based upside around 5,623 likely
The Nifty closed above the crucial resistance (5,520) on strong buying in Reliance Industries and also in power, metals and technology sectors. The trading volume in the Nifty March futures |
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