Resistance now 8440>8451.
Month: January 2017
NIFTY SPOT LEVEL FOR 19/01/2017
NIFTY WILL RECLAIM 8450 LEVEL AGAIN BEFORE DOWNMOVE TOMORROW.
TODAY TRADERS FRUSTRATED AGAIN AS NIFTY NOT ABLE TO BREAK 8461 FOR BULLS AND 8370 FOR BEARS.
TOMORROW AGAIN SAME GAME WILL PLAYBUT BULLS WILL TRAP AND BEARS WILL WIN AT EOD.
NIFTY ABOVE 8422 WILL SEE 8450 TO 8472 LEVEL. FAILURE TO CROSS 8475 WILL SEE SHARP FALL.
HOLD SHORTS FOR TARGET 8351 TO 8300 LEVEL.
NIFTY OPTION:
ACCUMULATE 8600PE OR 8400PE AT HIGHER LEVEL FOR TARGET 8350 TO 8300 LEVEL.
NIFTY SPOT LEVEL FOR 18/01/2017
SUPPORT:8345-8320<8311 IF BREAKS 8370.
BULLISH ONLY ABOVE 8461NS
BANK NIFTY SPOT LEVEL FOR THE WEEK 16.01.2017 TO 20.01.2017
BANK NIFTY RESIST NEAR 19000 LEVEL.
BANK NIFTY MAY COMPLETED 1 TO 5 A SET OF EW FROM 17607 TO 18966. A RALLY OF 1359 LEVEL.
ABOVE 19020 WILL SEE FAST RALLY TOWARDS 19100 TO 19500 LEVEL.
WEEKLY RSI:
DAILY CHART INDICATING PRICE GET RESIST AND READY FOR DOWN MOVE.
HOLDING SHORT STOP NOW 19010BNS FOR TARGET 18700-18500 LEVEL.
FIBO RETACEMENT FROM 17607 TO 18966: 23.8%, 38.2% COMES TO 18650 & 18450 LEVEL.
PRICE MUST HOLD 18450 FOR FURTHER UPMOVE FOR 19500 LEVEL.
BUY @19030BNS FOR TARGET 19100-19250BNS LEVEL.
NIFTY SPOT LEVEL FOR FRIDAY THE 13TH JAN 2017
NIFTY CLOSED ABOVE 8400 A DAY AHEAD FRIDAY THE 13TH.
NIFTY SPOT FOR 12/01/2017
RESISTANCE:8406 TO 8440.
SUPPORT:8340-8327-8295
NIFTY SPOT LEVEL FOR 09/01/2017
HOLDING 8180 CAN MOVE UP AGAIN TOWARDS 8340-8450LEVEL.
NIFTY SPOT LEVEL FOR 06/01/2016
NIFTY NEAR TO END OF 3RD WAVE.
IF NIFTY ABLE TO SURPASS ABOVE 8285 CAN SEE FURTHER RISE TILL 8328 NS.ELSE CORRECTION WILL PLAY.
ABOVE IS 15 MINT EW CHART SHOWING EXTENSION OF 3RD WAVE .
WE HAVE TAKEN SHORT TODAY AND WILL ADD MORE TILL 8328NS AS STOP
BOOK PROFIT NEAR 8140-8094NS OR 8021NS ( MAX CAN COME)
NIFTY SPOT LEVEL FOR 02/01/2017
NIFTY CLOSED POSITIVE ON WEEKLY CHART LOOKING STRONG BUT STILL BEARISH ON MONTHLY BASIS.
MONTLY CHART SUGGEST WE ARE IN LONG TERM BULL MARKET OF MAJOR WAVE 3.
WEEKLY CHART SUGGEST WE ARE IN C(B) WAVE.
RSI BREAKOUT FROM RANGE.
MAY BE 1 TO 5 OVER OR 5 IN PROGRESS FROM 7895NS.
NIFTY HOLDING 8160 CAN MOVE ABOVE 8197> 8210 TO 8265 LEVEL. BELOW 8150 WE CAN SEE RETRACEMENT OF 7895 TO 8197 NS. 38.2%, 50% & 61.8% COMES TO 8081-8046-8010NS.
HOLDING 8010 NS CAN SEE FURTHER MOVE TOWARDS 8300-8425 LEVEL .
BEARISH BELOW 8008 CAN SEE 7893 LEVEL.