Nifty Weekly Outlook for March Expiry

By | March 26, 2017

Last Week we gave Chopad Levels  of 9150, Nifty gave Short entry on Monday which  did 2 target on Downside by Wednesday.Nifty for a single session was not able to close below the Chopad level of 9150 suggesting Bulls were under pressure from start of the week.  Lets Analyze how to trade Nifty as we are approaching March Expiry and Financial Year closing.

Nifty Hourly Chart

Hourly chart was near the support line as shown in above chart and should see impulsive move towards 9200 holding 9077

Nifty Harmonic

Still waiting for 9312 for completion of extended abcd pattern.Bulls needs to hold 8992 for the target to come.

Nifty Gann Angles

Bulls should hold  9077 for a the move towards 9312/9468.

Nifty Supply and Demand

Bulls should now hold 8992 for march towards 9312/9468.

Nifty Gann Date

Nifty As per time analysis 27 March  is Gann Turn date , impulsive move can be seen around these dates.

Nifty Weekly Chart

It was negative week, with the Nifty down by 52 points  closing @9108 and continue to close above the next quadrant as in above chart and closing above 9100. Holding above 9077 we can see move towards 9300/9500. As discussed in last analysis New Time cycle from 11 March and will end at 27 March with 21/22 March very crucial dates.Bottom made on 22 March and rallied 100 points in 2 days.. Next time cycle start from 27 March till 04 April. Till 9020 is held cycle will remain positive.

Trading Monthly charts

Bulls need to hold 8992 on Monthly closing basis for next move towards 9600/10200 in next 6 months.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:9101

Nifty Resistance :9170,9245,9325

Nifty Support :9032,8969,8900

Levels mentioned are Nifty Spot

Let me go by Disclaimer these are my personal views and trade taken on these observation should be traded with strict Sl.Please also read the detailed Disclaimer mentioned in the Right side of Blog.

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5 thoughts on “Nifty Weekly Outlook for March Expiry

  1. Bramesh Post author

    8992 is major one.. 9077 broken low made 9024

  2. MB

    Bulls need to hold 9077 or 9020 or 8992? either one or all?

  3. Hari Prakash

    Thanks For the value you provide. one correction if you please “Nifty for a single session was not able to close Above the Chopad level of 9150 suggesting Bulls were under pressure from start of the week”

    Thank You

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