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Sunday 24 March 2013

Nifty Outlook and stocks to trade on 25 March

Dear Readers

Nifty weekly outlook for the week starting 25 March

We saw a series of support levels being broken last week starting from 5880. This has the potential to take Nifty to 5500 levels. If this level is broken, then the doors for 5300 will be opened up.

Next week is short trading week with holidays on 27 March and 29 March.Expiry of March derivatives also falls in this week. Overall markets will tend to be volatile with attempts for a relief rally to the resistance levels close to 5725. Next significant resistance is at 5745 followed by 5800 – 5880.

US markets closed strong on Friday and based on the fact that the negative news on domestic financial irregularities, political uncertainty and RBI stance has been factored already into the market, the chance is that on Monday markets will try to rally.

For the week, if Nifty sustains above 5720-25 levels, buying will come into the market despite the volatility due to expiry. Potential target for the week is 5800.

Nifty outlook for 25 March

Support levels for tomorrow 5625 , followed by 5590 levels. A break of this will open up 5550 levels.

Resistance levels are 5680-5720-5745.

Avoid any intraday longs below 5640. Nifty will be positive above 5660 and bullish above 5680 levels.

Stocks to trade on 25 March

Will be updated before market opening..

3 comments:

Due to some personal commitments, I could not update the calls. However, I provided two real time calls during the day.

It was a informatory post and it has a significant meaning , thanks for sharing the information. Would love to read your next post too…….
Technical Levels

It was a informatory post and it has a significant meaning , thanks for sharing the

information. Would love to read your next post too…….
Nifty Outlook

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