Where Nifty may be headed?
As per the chart patterns :
1. Ascending Triangle : At multiple times resistance are seen at 10930 - 10990 range.Any decisive breakout from this range could rally atleast till 11150. Any decisive breakout from 11150 may lead to 11443 though the chances are very remote in March.
2. Head and Shoulder : If trend line support is broken, that could end in the formation of right shoulder.
So the nifty range may be 9980 - 11443 in medium term.
The probable range for march may be 10470 - 11150
As per the chart patterns :
1. Ascending Triangle : At multiple times resistance are seen at 10930 - 10990 range.Any decisive breakout from this range could rally atleast till 11150. Any decisive breakout from 11150 may lead to 11443 though the chances are very remote in March.
2. Head and Shoulder : If trend line support is broken, that could end in the formation of right shoulder.
So the nifty range may be 9980 - 11443 in medium term.
The probable range for march may be 10470 - 11150