We need to be cautious today as last trading day gap up market and it's high closing ( being last day of financial year) can be window dressing by mutual funds.
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Nifty Spot View: 03/04/2023
Cmp: 17359.75
Support & Downside Range: 17337—17306 zone, 17275--17213
Resistance & Upside Range: 17382—17403 zone, 17449—17475 zone, 17517--17573
Short Term Trend Reversal Level: -- 16940
Trading View: In today's trading session key support to watch is 17337—17306 spot zone as long as nifty trades above this levels nifty is open for upside minimum 17382 to 17403 zone and 17449 to 17475 zone as upside projection and if move is getting extended then it can stretch up move till max 17517 to 17573 spot zone whereas if 17306 gets break and we get 15 mins sustain then cooling off of retracement of recent rally may come in action which may take nifty till minimum 17275 to 17213 spot levels, so understand the importance of key support of 17337 to 17306 spot in today's trading session.
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