STOCK MARKET AND NIFTY CASH AND FUTURE TIPS FOR 01 MARCH 2019 FRIDAY
NIFTY CASH CLOSED AT 10793
So since NIFTY CASH were at 10586, I continuously kept reminding and gave targets 10788 10878 10998 11058, and since than NIFTY CASH ONE WAY NON STOP rallied to make high till 10940 on WED 26 FEB 2019 and I am still intact on my next targets.
For yesterday I wrote that in spite of expiry it will strictly keep trading within 10746 and 10940, and it really was controlled withing that range only.
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Anyway for TODAY..
2 levels are very very important for today. 10788 and 10808. The gap between these 2 levels are only 20 points, but NIFTY CASH will decide it's whole day's trend below or above these 2 levels only. Do not take FIRST 15 MINUTES into consideration, but after that if it will break 10788 for few minutes with huge volume than it will slide to 10710 to 10704 where we will buy once (not compulsory, but just making you ready in advance), 10704 is very strong support level on weekly basis.
If border tensions will continue to rise (or any other sudden news) and if it will break 10704 on closing basis just because of that than 10638 to 10586 will be seen again.
And if it will continue to trade above 10808 than it will jump to 10829 followed by 10838. It will again become stable and idle there for 1 hour and if it will succeed to cross 10838 also than 10888 to 10914 will be seen very sharply.
But one thing I would live to say is that wherever upside it goes, it will feel tremendous pressure at every peak. So to become stable above 10808 to 10838 is very very important for it to attend next targets 10988 11058 as soon as possible.
These are just daily overview for safety, and I will give intra day buy sell tips during market hours, but if you have proper margin and want to take positions, you can go with the trading points that I have mentioned.
IMPORTANT TRADING LEVELS FOR TODAY ONLY :
RES : 10808 - 10829 10838 - 10888 - 10914
SUP : 10788 - 10710 - 10704
POSITIONAL LONG SL : 10550 on closing basis
POSITIOANAL SHORT SL : 10898 on closing basis
I will immediately update you with new tips and targets once it come our of this first range
GOOD LUCK :)
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