Market was in highly overbought zone and demanding some correction before it can rise up further.
So after two days of weakness we can see some action on the upside and Nifty may open up.
Later in the day it is difficult to hold the gains due to long weekend.
Above 5289 Nifty has chances of trading back above 5300 level.
Level of 5268 is very important and it will act as trend deciding level for the day.
| Important Nifty Levels for 1st April | ||
|---|---|---|
Nifty Pivot | 5268 | |
| Support | ||
| 5240 | 5219 | 5189 |
| Resistance | ||
| 5289 | 5310 | 5341 |
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