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Nifty trends February 29 2016

 

March fut of nifty trends February 29 2016

 Nifty can reach to 7050 level… Beyond that it will fly to 7120.

So magic level can be 7065 or 7070.

        Only chance of stoppage is over run of volume.

                                 But  volume is still in… to burn

Down side anything below 6980 will kick an urge to sell..

         Strong back up support near 6000

 Magic level is below 6935

        Below that means dash down.. panic sales…

            Trade nifty with care sell / short below 6980.. buy above 7040… just give 10 points target and 2 to 5 points stop loss. re enter if SL hits.

nftyfeb29-2016uy

Analyst

   Sangeetha C.A

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