Nifty has cruised to upper levels of 2950 by breaking the important resistance levels 2850 from 2800 levels. This bullishness may take Nifty into next higher levels of 3050.Need to see if it can break next higher level of 3150.
Buying from FII's (+376.23) and DII's(+376.51) also supported to rise.
Upside: Feb high of 2969 is next important initial resistance, if this level is broken next we can expect 3000 as next resistance level, if the European markets remain bullish we can expect 3048. Even if 3050 is broken we can expect next resistance to be at 3075.
Downside: Initial support is at 2900 to 2890, if 2890 is broken next downturn may start and find support at 2850. If 2850 is broken down then next support is at 2810.
Stock Options like ICICI Bank, RPL, Tata Steel(TISCO) can be traded for intraday. Please do analysis before making options trading.
