Reached our target of 2950 for March expiry. What next ??

NIFTY made the strongest move today in three months and reached our target of 2950.

When I wrote the blog, Is 2950 a possible target for March expiry ?? on 18th March, I didnt expect it to reach 2950 this monday itself. Today's move confirmed the theory that bears are totally trapped for this expiry and going forward, I dont expect NIFTY to retrace much before expiry. In fact the bullish view is so strong currently that even a target of 3110 - 3150 may not be ruled out for this expiry.

Chart courtesy : nseindia.com

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Happy Trading
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