Nifty Spot View (28/4/14 - 02/05/14)

Nifty took U-Turn from the expected level of 6870-6880. The view remains the same.
Major resistance levels  for this week are 6870-6880, 6938, 6965, 7010, 7198, 7304
Major support levels are for this week are 6764, 6724-6699, 6651, 6578 ,6557, 6517.

Nifty Spot

Nifty View (21/4/14 - 25/4/14)

Nifty is making new highs every week. At this point if time try to make short positions in Nifty with very Cautious approach, with very strict stoplosses.
Nifty is about to reach a strong resistance zone from 6835-6878. Make short positions near 6870-6880 zone with stop-loss @ 6902 on closing basis. Targets for downside are 6803, 6764, 6699, 6666, 6636, 6584, 6518.
Major resistance levels are 6870-6880, 6965, 7010, 7198, 7304.
* All levels are of Nifty Spot.