March series expires: The March series expires today. Find out from Anil Singhvi at what level investors should book profits in today’s market.
Anil Singhvi said about the expiration of March that the markets are still set, the market has been growing steadily for the last three-four days and with the continuous growth comes profit booking somewhere. There may be slight volatility in maturity, but the trend is strong.
How was the March series?
What will the market be like on the last day?
At what level should you make a profit?
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He said the best thing is that for the last three days the market has come up with an opportunity in the day and closed at the height of the day, yesterday the market also gave such an opportunity, but there was a difference between yesterday. The movement of the last three days .. The market has not stopped at the first support level in the last three days, it has stopped at the important support level. Yesterday, for the first time, the market saw additional strength as it turned from the first support level.
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The market moves from the first support level to the bullish market, this is a big difference. Understand that if you do not break the first support level then the power is much higher. And that energy was visible yesterday. The situation will be the same today. Overall we are getting ready for a good expiration (March series expiration). Just one thing to keep in mind.
At what level should profit booking be done?
Anil Singhvi says this is the last barrier for the Nifty from 17,600 to 17,800 upwards, as the biggest barrier is staying in this range. The trend above 17,800 would be very positive and then move directly towards Lifetime High. 17,625 to 17,775 on accuracy. You have to keep this range in mind. Profit booking will come in this range.
These are the things to keep in mind
He said something bigger is needed to cross this level of the market. Russia-Ukraine full-time truce or crude oil will come down to ৯ 90. Until then, there is a market for buy-on dips in the fall. Profit booking can also be done when the market is a little higher. The second note of caution is that the put call ratio is not overboard at all, but has moved slightly above the comfort range, and thirdly, FII’s index long position is now 61 percent higher. It’s over.
He said that these changes were needed today when there is no monthly period. On a typical day, caution is advised at the upper level. On the day of the menstrual period, this data is by no means excessive. So there is still comfort. There is a 100% Buy on Dips market. Some profit booking can be done by looking at a good opportunity in the range of 17,600 to 17,800.
