Nifty Forecast for 17 March : Technical Levels

The Indian markets ended in the positive territory, a pullback rally made nifty to close above the psychological level of 5500.The S&P CNX Nifty closed at 5511.15, up 61.50 points or 1.13 %.

The Nifty futures closed in red and settled finally at 5529.15, up 81.55 points or 1.50 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5575 above this level it would be in a bullish trend else below 5475 it might be in a downward trend

RESISTANCE: It has first resistance close to the level of 5575 & above this level the next resistance is seen near the 5625 mark.

SUPPORT: It has first support close to the level of 5475 & below this level the next support is seen near 5375 mark.

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Today's Market Review and Trading Levels for Tomorrow

The Indian markets ended the day on a positive note. The S&P CNX Nifty closed at 5531.50, down 86.05 points or 1.58 %.

The Nifty futures closed in the green and settled finally at 5555.70,up 96.10 points or 1.76 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5575 above this level it would be in a bullish trend else below 5445 it might face more selling pressure.

RESISTANCE: It has first resistance close to the level of 5575 & above this level the next resistance is seen near the 5625 mark.

SUPPORT: It has first support close to the level of 5445 & below this level the next support is seen near 5400 mark.

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