Markets Intraday outlook For Tomorrow 21-March

For intraday trading tomorrow Nifty is having resistance at 5,305 and 5,340 while the support is there at 5,242 and 5,205. It is very likely that a bounce back may happen once Nifty test its crucial support of 5,171. One should also keep in mind that the government plans to allow oil companies to raise the fuel price once the parliament is over by March 31st which will have a negative impact on the markets.

The only factor that might save Indian markets from more pain is the money flow from overseas investors. Even that could dry up at some point. The bottom line is that things continue to be uncertain. A measured and discipline approach would hold you in good stead in the medium- to long-term

ref : Nifty Trading Strategy