Yesterday Nifty
March future closed 6272 on 26th Feb 2014 up by 28 point. Today we
expect nifty march future to take support around 6250 at lower level and
resistance around 6300,6329.
Today is first day
of march expiry, we may open higher on better signals of American market.
Yesterday American market closed Positive. SGX nifty future is trading positive.
We have mixed trend today. While opening higher we may see rise in market up to
European market opens. SGX is trading around 6313 +21 points up. Everybody on
national television will be telling you target of 6400 to 6500 now.
Today’s rise may
mislead to you. Trend is changing from positive to negative. After opening
higher market will find selling pressure at every higher prices. Nifty future
will find choppy or range bound movement during day. Nifty future will find
selling pressure after 1:00 or 2:00 clock. Nifty may close negative. We have Q3
GDP number in India and also GDP in America.
NIFTY INTRADAY SCIENTIFIC CHART 28'th Feb 2014
(Expected to happen during market timing)
Thanks
& Regards
Nishant Jani
9374083399
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