Nifty Trend :23/03/2015

Today Nifty may open in green. As US jumbled about 1 percent on Friday of continuing several days of red and green. The Indian equity market may open in green with SGX nifty is trading in green at 8623 at 8.35. However, both the Sensex and Nifty on Friday had slipped 0.7 percent lower to 28,261 and 8571 levels respectively.

Today Nifty may open in green. As US jumbled about 1 percent on Friday of continuing several days of red and green. The Indian equity market may open in green with SGX nifty is trading in green at 8623 at 8.35. However, both the Sensex and Nifty on Friday had slipped 0.7 percent lower to 28,261 and 8571 levels respectively.

Intraday Target:(23/03/2015)

Buy:

If Nifty will open above 8605.9 then it will indicate the strong upper trend.So today on upside first resistance is at 8636.5 .Next resistance at 8644.6 .so once Nifty  cross that level you can buy Nifty  future 1 lot (25 shares) for intraday trading. Please find the below table .

  

Sell:

You can short Nifty when it will reach 8575.01 Short the NIFTY one lot future at this level. My first target for sell this stock is 8544.17. And when it reaches 8536.46 levels please exit from the trade.