Nifty Technical Views For Tomorrow 29-March

Nifty Intraday Outlook
While commenting on Nifty Intraday Outlook for tomorrow,  we continue to maintain a bearish view for Nifty and now trail our stop loss for short positions to 5,275. On the down side the level of 5150 followed by 5,050 is still a valid possibility. Negative sentiment which prevailed through the month is expected to keep the market under pressure towards expiry. In an alternate case we would await a confirmation of a break out above 5,280 to explore further bullish options.