Nifty future daily chart analysis
Nifty future of March expiry last closed at 11478 with huge loss on sharp profit booking. In this week we saw 3 big upside days and 2 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. We saw high of almost 11600 in this week and nifty tried to test 11675 level. On downside 11400 remain as support zone and above it super bullish trend will remain intact and strategy will remain buy on dips with stop loss below 11400. Upside targets are same at 11675 and then 11950.
In this week, Nifty 11400 call options of April expiry rallied from low of 128 to 214 rupees and then we saw correction means 86 rupees or 67% gains for call option buyers. For next week, watch nifty 11600 call options of April expiry, which is trading around 170 rupee now which will remain as buy on dips with stop loss for big targets.
Nifty future weekly chart analysis
Nifty future on weekly chart showing loss for the week. This week nifty future traded in 200 points and seen some profit booking around 11600. First negative week after 3 weeks big run. Nifty future support zones on weekly chart are 11400 and then 11100 and on upside 11730 and then 12675 are my 2019 bullish target zones. Above 10850, each and every big dip is investment opportunity for nifty investors.
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