Previous week I was talking about the crucial support zone for bulls as (5466-5485),which was piersed by bears on friday and closed below it.Now this zone will act as resistance for the week starting 14th March.I will go long in Nifty only if it "closes" above this zone for a target around 200Sma/5758.
Week pivot zone=(5458-5472) "If stays above this zone go long and vice versa."
Trading strategy for Monday:
Sell below 5471 for a target of 5447/5420 with SAR at 5496
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