CNX-NIFTY
CLOSED ON-18.3.2026: -23777.80
The possible range for the day is between 23838—23716 if it moves above 23838 and sustain then the upside target for the day could be 23899--23960--24021 if it moves above 24021 and sustain then it can sharply move up further. Similarly break below 23716 can pull it down to 23655--23594--23533 it can bounce back from any of these points but sustained break below 23533 may accelerate the fall further.
NOTE: - If it opens up with huge gap up then wait for it to settle down before initiating long position, but short trade can be attempted on huge gap up if it is near the selling point and vice versa . Since, it is showing volatility so any type of trade should be squared off during the day, if you don’t have reasonable profit margin in the trade. Day squaring off is strongly suggested in any case.
Disclaimer:- I am not a SEBI registered technical
analyst. The view expressed here are solely of the author and purely for the
academic and educational purpose. This is in no way a trading or investment
advice.
Kindly note
that make your cost your stop loss in favorable trade
and then trail it as the price move up/down to gain maximum profit and avoid
losses. Use support and resistance levels as entry, exit, target and trailing
stop loss points. DO NOT TRADE WITHOUT STOP LOSS.
Note: Price
stated here are of spot market.
Thanks
Narendra Kumar
Surana
Mobile—8240951127/9831313654.
Email---
suranank@gmail.com
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Thank you for sharing your views.