Thursday, March 31, 2016

Nifty Analysis for 31 March

Yesterdat Nifty broke out of all nearby resistances. This is a bullish sign on few days to come.

However on intraday (15 chart attached here) Nifty is trading near double toppish zone. Nifty need to break beyond this double top to score further gains. Next destination for Nifty is 7900 (in next few days)

A (small) dip from this double top can bring Nifty to level of 7712 and then 7665