UPDATE ON 15 MARCH 2019 FRIDAY AT 06.00 PM IST
FOR 18 MARCH 2019 MONDAY
NIFTY CASH CLOSED AT 11427 ON FRIDAY
Last week on Friday I wrote for NIFTY CASH that if it will cross 11384 than it will touch 11398 to 11432. And before that on Thursday it closed at 11344. And as soon as it crossed 11387 on Friday morning, it jumped to touch my both levels 11398 followed by 11432 and even jumped to make high of 11486 also, and closed back to 11427 only.
All my stocks also jumped one way non stop even above the targets also. Stocks like NTPC, TATAPOWER, NALCO, SAIL, COALINDIA, INDIACEM, HINDALCO, VEDL, SPARC, TATAMTDVR and TATAMOTORS etc all rose up very sharply.
Anyway, for TODAY,
Now, you can short sell with SL of 11492 for the targets already given like 11310 which is first support and target as well. It is always safe till it keeps closing above this level but if it will break that level on closing basis than you will see sharp panic till 11181 followed by 11139 11074 and 11049.
11066 is the new SL for long positions on closing basis. And if in case it hits that SL than more panic will be seen till 10813 to 10923. And if it really fall to that level than you can buy once around 10923 for quick profit of 50 to 80 points. This 10923 10925 level is very strong. Also before that you can buy once at 10813 also for some quick profits at the jump followed by.
Upside, 11492 is the first resistance as well SL as mentioned above. If it will cross that level on closing basis, or will cross that and become stable for 15 minutes with huge volume than more new highs will be seen like 10512 followed by 10578 to 10601 and that is it for now.
11492 is daily basis SL for long positions.
10618 is the week on week Sl for Short positions.
10782 is the week on week basis buy SL.
10782 is the week on week basis buy SL.
I will immediately advice new tips and strategy with targets as soon as it come out of the range 11310 to 11392 from either side.
GOOD LUCK :)
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