Nifty Analysis for 31 March 2021

By | March 31, 2021 9:10 am
NSE Has not updated the Nd of day Reports of FII so unable to post FII data.
  • As Discussed in Last Analysis Tommorow is very important astro date, Venus at Superior Conjunction suggesting another volatile move ahead,Bulls need to break 14420 for the upmove towards 14476/14512/14578. Bears below 14300 can see quick fall towards 14250/14201/14144. All Bullish target done and we have seen the impact of astro date on 26 we are almost up 600 points from the lows . Now Bulls need to break 14859 for the rally to continue till 14920/14982/15043. Bears below 14798 can see a quick decline towards 14738/14677/14617. We have monthly, quaterly and Financial Year closing tommrow expect good move after 2:14 PM. 
  • Total Future & Option trading volume at 27.7 Lakh core with total contract traded 1.92 lakh , PCR @0.92
  • Nifty April  Future Open Interest Volume is at 1.11 Cores with addition of 20.4 Lakh with increase in cost of carry suggesting LONG position were added today, NF Rollover cost @14719 closed above it. 
  • FII’s bought 769 cores and DII’s bought 2181 cores in cash segment.INR closed at 73.86

Buy Above 14860 Tgt 14888,14920 and 14980 (Nifty Spot Levels)

Sell Below 14796 Tgt 14766,14738 and 14680 (Nifty Spot Levels)

Category: Daily

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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