Last week Nifty spot gave superb returns from 8835 to 8618.... straight cut 217 points in short trade and before that we made 371 points in long trade from 8434 to 8805. And the best thing is that we have all levels in front of us well in advance.
Till date 588 points in the pocket... and many more to count yet.
We and our clients are still holding our short trade with trailing stop-loss @ close above 8701 for more downside targets...
Nifty is moving on the expected line. 8560-8550 can act as a strong considerable support. To show more weakness a close below 8850 is important and it can drag Nifty more downwards.
Major support levels are 8556-8550, 8525, 8433, 8388, 8342, 8270-8251, 8160, 8070
Major resistance levels are 8653, 8701, 8805, 8845
Till date 588 points in the pocket... and many more to count yet.
We and our clients are still holding our short trade with trailing stop-loss @ close above 8701 for more downside targets...
Nifty is moving on the expected line. 8560-8550 can act as a strong considerable support. To show more weakness a close below 8850 is important and it can drag Nifty more downwards.
Major support levels are 8556-8550, 8525, 8433, 8388, 8342, 8270-8251, 8160, 8070
Major resistance levels are 8653, 8701, 8805, 8845
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| Nifty Spot Chart |
**Analysis given with mandatory disclosure given on site on 07/12/2014.
Please read it before taking any trading decisions.......
This Information is really good and informative. Thanks for it.
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