Nifty Prediction Update at 12.45PM:
Nifty spot if crosses 8614 after 1.02 PM & Before 2 PM then Minor Trend will turn up. No open positions as of now.
Nifty Trading Calls at 10.10AM:
Nifty Trailing SL For All Shorts Revise To 8593 Spot Nifty Levels & Hold. Trend remains down for now.
Trend would become Neutral if 8593 spot is taken out.
Nifty was sideways on 23rd Mar 2015 with downward bias by the end of trade Nifty closed -20 points.
As per our Nifty Prediction nifty current trend remains down as predicted from 4th Mar 2015.
Nifty spot is nearing very important support level of 8450-8367 (nifty spot levels) hence we don’t recommend fresh selling/shorting at current levels.
A sharp pullback/Rally towards 9150-9450 is likely from 8450-8367 but we will BUY only once we get confirmation signals combined with low risk entry points.
Nifty Spot Resistance for 24th Mar 2015 is at 8644
No fresh Nifty Trading Calls were given on 23th Mar 2015