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NIFTY FOR TOMMOROW - 11 MARCH 2021

131
We are seeing a very sharp movement on the upside from the past 3 trading sessions.

Today Index opened the gap -up, but did not sustain the higher levels, saw some sell-off, and closed in red forming a moderate candle( Not very useful)

Though one can notice, open and high price is same, and the price is also near strong resistance. i.e 16800-17000.

Hence it looks like as long as these levels are resisted, we might see weakness again in the Index if it breaks 16500 levels in the first hour or opens a gap down below it.

Levels for tomorrow :
Support 16520-16450
Resistance 16760 - 16800

Bullish above 17000 levels




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