Technical Analysis – 31 March 09
The upper trading targets are placed at 10200-10235 (SENSEX) & 3132-3175 (NIFTY). The lower supports are placed at 9332 – 9087 – 8841 (SENSEX) & 2900-2831-2762 (NIFTY). Buy in the range of 2900-2830 (Nifty) with a stop loss below 2760.
Technical view for Tuesday, 31st March, 2009.As expected, we corrected in line with other world markets on profit booking after a very good rally. For today, we could see a trading bounce as the markets corrected quite sharply yesterday. However, after a trading bounce we could witness some more profit booking in the next few sessions. For today, the upside targets are placed at 9752-9895 (Sensex) and 3023-3061 (Nifty).
The upper trading targets are placed at 10200-10235 (SENSEX) & 3132-3175 (NIFTY).
The lower supports are placed at 9332 – 9087 – 8841 (SENSEX) & 2900-2831-2762 (NIFTY).
Buy in the range of 2900-2830 (Nifty) with a stop loss below 2760.
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