Nifty future daily chart analysis
Nifty future of March expiry last closed at 11473 with gain. In this week we saw 5 big upside days and 0 negative days. Nifty future after hitting 11130 target given fresh breakout and hit march second swing target of 11410.now above 11400 nifty future will remain super bullish and buy for targets 11675 and then 11945. Nifty is in runaway rally and here expect short sellers to be crushed on each and every upside so above 11400, rallies will be sharp and quick. Buyers now trail stop loss below 11400 on closing basis and keep targets at 11675 and then expect 11945 on upside.
In this week, Nifty 11400 call options of April expiry rallied from low of 98 to 328 rupee means 230 rupees or 234% gains for call option buyers. For next week, watch nifty 11900 call options of April expiry, which is trading around 63 rupee now which will remain as buy on dips with stop loss for big bang targets.
Nifty future weekly chart analysis
Nifty future on weekly chart showing big gains for the week. This week nifty future rallied from low of 11065 to high of 11532. Total almost 500 points rally in this week and strong positive closing. This was third positive weekly closing for nifty futures. Nifty future after taking long term support around 10800 set on rally and now heading higher towards my 2019 investment target of 11775.
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