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Techno Tomorrow Date: 22/03/2018 Dear Traders, Following our Researcaramete INDEX NIFTY OUTLOOK:
S&P CNX Nifty future closed down 40.50 points at 10114.75. Indian Stock Market would open positive. Technically, Indian Stock Market is still in negative zone. Once Nifty closes above 10226, traders can close all short positions and initiate fresh long positions but until then traders can continue to go short at every positive rally. Overall, market would consolidate in the March month due to financial year closing. Downfall is limited for the March month. Once Nifty closes above 10226, we may see further positive rally but until then market would continue to consolidate. Further downfall would only be seen if Nifty breaches 10132 levels with volumes. SCRIPT
LEVEL
TARGET
STOPLOSS
ADANIENT FUT SELL BELOW
158.80
156.80-154.80
160.80
SCRIPT
LEVEL
TARGET
STOPLOSS
CEAT FUT SELL BELOW
1466
1456-1446
1476
SCRIPT
LEVEL
TARGET
STOPLOSS
GODREJCP FUT BUY ABOVE
1091
1101-1111
1081
SCRIPT
LEVEL
TARGET
STOPLOSS
ULTRACEMCO FUT SELL BELOW
3915
3865-3815
3965
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