Nifty future daily chart analysis
Nifty future of March expiry last closed at 11078 with gain. In this week we saw 4 upside day and 1 negative days. Nifty future after hitting low near 1060 given strong recovery and seen sharp value buying. This week we saw high near 11130 and nifty future hit March bullish swing target of 11130 and now next level to watch her will be 11400 if gives breakout above 11130 and sustain above it. Nifty future looking overbought so expect some correction and consolidation before next move.
In this week, Nifty 10900 call options rallied from low of 136 to 289 rupee means 153 rupees or 113% gains for call option buyers. For next week, watch nifty 11100 call options of April expiry, which will remain as buy on dips in correction and consolidation phase.
Nifty future weekly chart analysis
Nifty future on weekly chart showing big gains for the week. This week nifty future rallied from low of 10850 to high of 11129. Total almost 300 points rally in this week and strong positive closing. Look like nifty future taken long term support around 10800 and now heading higher towards my 2019 investment target of 11775.
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