Nifty Chart

Nifty Trade Support 6797-6992 Resistance 6831-6834

Nifty Trend Support 6737-671 Resistance 6888-6893

[typed error - Trade Support 6797-6791, 

Trend Support 6737-6731]

Key Factors .

1. Oscillator RSI made negative divergence from 7th March.

2. Expiry Today

3. Election 

4. Long Holidays

5. The future did not crossed the previous High 

Prediction : Key levels for more than 100 points move on
down side is 6800 on closing basis, first minor support 6735
then 6670.

Market Breath :
The Advanced scripts 704, decline scripts 714
unchanged scripts 88, almost equal levels on both side.

Market Range :
Within 3 days Nifty almost bounced +150 points
from low.

Analysis : Short term indicators shows some profit
booking and long term indicators still on +ve side.

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