Nifty closed below 5145 and formed a hammer doji on Friday.
As we have been mentioning here that Nifty looked tired at the higher levels and is trying to consolidate in this zone.
Although we can see Nifty tiring at higher levels bulls are not in a mood to give up so easily.
Nifty's PCR (Put-Call ratio) is dominating very high and it is a clear sign of big correction which is waiting to happen before any fresh upmove can be seen.
So get ready to see some correction in the coming days.
This correction may lead Nifty to a low of 5014 and then even lower to 4985.
| Important Nifty Levels for 15th Mar | ||
|---|---|---|
Nifty Pivot | 5147 | |
| Support | ||
| 5122 | 5103 | 5080 |
| Resistance | ||
| 5168 | 5194 | 5216 |
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