Levels and Plan for 24th March

Another day and another move below VAL but as the MO reached -70 levels we gt the first signs of responsive buying at 8556 late in the day, amongst the biggest in the past 250 point fall. 70 points away from our swing objective of 8473, it is a sign of sellers closing/ buyers coming at lower levels

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Levels and Plan for 18th March

The two upmoves seen in the Nifty were used by institutions especially the FII’s  to reduce their long holdings. At the close we remained short of the 8755 spot vwap Feb number we are tracking and big institutions are feeling the pressure as a result. We continue maintaining a sell on rise view till we see strong new hands buying at lower levels

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