Nifty Over View March Series :-Best Share Market Tips

NIFTY FUTURE OVERVIEW

 

 Technically, Nifty future now at very crucial level as it is testing various trend line support at current levels and also support of 200 moving average is also at current levels. We have witness heavy selling pressure in last 2 days in index which causes Nifty future to fall more than 250 points in just 2 days. Market movement is mostly driven by economic news either domestic or global and as Fed meeting on interest rate is due later this week which will impact market movement. We expect that Nifty future may test 10080-10040 levels and then started to bottom out. If Nifty future breaks 10040 levels then 9960-9930 will act as a strong support level for Nifty future in near term and if Nifty future bounces back from current level then we may see Nifty future to trade 10270 and then 10330 levels soon in near term

Nifty Over View March Series :-Best Share Market Tips

Near Term Support and Resistance level

Support of Nifty future is at 10080-10040 and 9930.

Resistance of Nifty future is placed at 10250 and 10330.

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