Nifty prediction for coming week 15-19 Mar,2021.

Nifty 50 IndexNSE

Description

⋅ Mar 12, 2021 11:59 AM

Nifty is stuck between a strong resistance and support from March beginining.

Neither it is breaking the support or resistance and hence their is no clear direction of Nifty at present.

Whichever side Nifty breaks it will give us minimum of 500 points of rally.

Global cues are supporting Nifty due to which it is opening higher but sustainance is an issue with Nifty .

As informed in my previous post investors not showing confidence in Nifty above 15000 and hence it is struggling to stay strong above it.

It might get changed in coming week due to good global cues and investors might again support Nifty to rally more higher.

Until and unless the major support is not broken Nifty is good to rally higher.

If support is broken you know the targets.

Note: Views only for educational purpose. Consult your financial advisor for any trade.

Trade active

⋅ Mar 17, 2021 6:28 PM

Team Important update...... Most likely the downfall of Nifty is completed today.

Expect Nifty to reverse its trend from here for coming days.

Comments

sathys

⋅ Mar 13, 2021 10:20 AM

what will be NIFTY LEVELS for 15th march 2021. Have 1 week 15300ce Open position at CMP 53 . Please suggest whether to sell on market open itself or wait with stop-loss. If so, please suggest stop-loss

The_Trader14

⋅ Mar 13, 2021 1:17 PM

@sathys, If any candle closes below the major support area in 1 hr timeframe then probably you can exit. The major support area will be the stop loss for you. I cannot predict the levels for 15th March but can tell you that it might open positively due to positive global cues till now.