Nifty Trend :31/03/2015

NIFTY:

Nifty will open in green will continue the positive momentum. Bulls back in the driver's seat after 8 days of drubbing. Benchmark indices surge almost 2 percent Monday after eight days of drubbing. The Nifty closed around 8500 and the Sensex gained more than 500 points to end the day at 27976.Capital goods, infra and banking stocks see strong buying.

he Indian equity market may open in Green as SGX nifty is trading in Green at 8574.5 at 8.43.

 

In Europe, equities closed sharply higher, having extended gains throughout the session, as investors looked ahead to forthcoming US jobs data.

Intraday Target:(25/03/2015):

 BUY:

If Nifty will open above 8526.56 then it will indicate the strong upper trend.So today on upside first resistance is at 8557.37 .Next resistance at 8565.08.so once Nifty  cross that level you can buy Nifty  future 1 lot (25 shares) for intraday trading. Please find the below table . Always my first target surely will reach.Exit the trade when it crosses the 8565.08 level.

 

SELL: 

 

You can short Nifty future when it will reach 8495.81 Short the NIFTY one lot future at this level. My first target for sell this stock is 8465.11. And when it reaches 8457.44 levels please exit from the trade. And please maintain the stop loss which is mentioned in below diagram.