March 31, 2017

NIFTY daily, weekly and monthly charts

Monthly charts:
- trend is up on monthly charts
- this month, NF closed at lifetime high
- support 7900 resistance 9500
- close below 8800 in April can hint at trend reversal






Weekly charts
- trend is up on weekly charts
- we have gap support around 9000 levels
- next support is around 8500 levels



Daily charts
- trend is up on daily charts
- today, NF closed flat.
- AD was flat, VIX up 2%
- option writing support 9000 resistance 9500
- loss of momentum seen after closing above 9000 for so many days

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