NIFTY: Resistance, Support, and Time-Based Analysis

“As I discussed on March 7th, the NIFTY’s upside resistance would be at 22,800 and 23,100 on the spot. Regarding the time frame, the critical window from March 8th to March 18th ends today. Therefore, going forward, the low registered within this time window, 22,314, will be very significant. Once that level breaks, the next leg lower should resume. However, until that happens, the index should remain sideways to positive in the immediate term. While the equinox is generally important time-wise, more significant dates would be March 24th, April 4th, and April 7th. The sell-on-rise approach continues, with trades focused on the June expiry.

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