Nifty Spot ( 23/03/15 - 27/03/15)

In last weeks Nifty moved on the expected line. Clearly stated in the previous post that a close  below 8790 would be an invitation for bears and it happened.

Support levels are 8468, 8434, 8410 (important support levels). A close below 8410 is good for Bears. More downside levels are 8388, 8342, 8251, 8160, 8070.

Resistance levels are 8670, 8790, 8805, 8851, 8899, 8993, 9088, 9185.

A close above 8859 will put in Nifty in the Neutral zone.

**Analysis given with mandatory disclosure given on site on 07/12/2014.
Please read it before taking any trading decisions.......