Nifty Spot (03/03/14 - 07/03/14)
Last week Nifty moved on the expected line. Those who were long in Nifty after the closing above 6190 must be enjoying good profits. From 6200-6276 (clear cut 76 points profit).
Nifty may find strong resistance near 6333-6355 level. One should take short positions near 6333-6358 with the stop-loss of 6365 on closing basis.
A close above 6358 can take Nifty to new highs.
Major resistance levels are 6333, 6358, 6412, 6487
Major support levels are 6254, 6188-6174, 6139, 6093, 6042, 5984-5977, 5943-5934.
** 7th March is Gann Pressure Date**
Last week Nifty moved on the expected line. Those who were long in Nifty after the closing above 6190 must be enjoying good profits. From 6200-6276 (clear cut 76 points profit).
Nifty may find strong resistance near 6333-6355 level. One should take short positions near 6333-6358 with the stop-loss of 6365 on closing basis.
A close above 6358 can take Nifty to new highs.
Major resistance levels are 6333, 6358, 6412, 6487
Major support levels are 6254, 6188-6174, 6139, 6093, 6042, 5984-5977, 5943-5934.
** 7th March is Gann Pressure Date**
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Thanks & Congrats
Virender Shankar
Dear Bullstrading,
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