Day: August 6, 2016

NIFTY SPOT CLOSED ABOVE 8650 NOW HEADING TOWARDS 9119+

Posted on by Dharamveer

NIFTY IS NOW BUY ON DIPS FOR 9000+

RESISTANCE:8650-8850-9170.

SUPPORT:8480-8407-8370-8340-8290.

BREAKDOWN BELOW 8175 FOR 7910-7860.

Nifty able to hold 8472 level as important level for the month of August2016.Since August month always been a Bearish Month but this time is different. S&P500 at all time high and moving towards 2200 can go to 2250 to 2300 as well. Nifty always follows S&P500 and with this view Nifty will  break previous high 9119 if 8472 holds.
We follow technicals and we are long from 8525NS.
Now the small resistance @8732 & 8783 before 8850 .