Nifty 's View

Nifty 's View 

BE CAUTIOUS AROUND 7522-7516 SPOT LEVELS.
Chances of a reversal is on the cards. Suppose if Nifty breaks 7522-7516  try to exit your longs (if any) before a reversal. 7567-7555 zone is highly unsecured zone.  Be cautious.Market is consolidating between 7663-7555 levels for the past one week . Stronger the consolidation means.... the breakout/breakdown is also very strong.  Normally after such lengthy consolidations, the main downtrend will resume with force.
Expect some volatile down move in the early part of the week. Avoid trading and avoid taking huge overnight positions for the first two days. 
Invalidation points : 7663-7667  spot for Up move and 7522-7516 spot is for the down move.
I am not at all expecting a break of 7789-7802 spot before April  expiry. 
TRADE WITH CARE IS THE BEST STRATEGY FOR THIS WEEK.