Nifty For 31st March :- First of all, Spot Nifty should open and sustain at least above 5780 in the opening bell. Nifty hurdle is at 5805. Spot Nifty will face the first strong resistance at 5820. if Spot Nifty can cross and sustain 5820 for some time then the levels of 5830-5840-5900 plus can be seen. otherwise, if Spot Nifty could not sustain 5780 in the opening bell, then profit booking can bring the spot nifty down up to 5760-5750 levels & then 5730-5710 levels.
Above is the possible scenario of 31st march market. what ever may be the case, both spot nifty as well as the market will ply in the wide gaps & you have to make profit within that. wait for the positive green signal.
Nifty Intraday Levels for Thusday 31 March 2011
SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
5760 5732 5809 5831
Nifty Future Levels for for Thusday 31 March 2011
SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
5774 5749 5821 5843