See how well Nifty always gives respect to the Gann levels...Last week on Friday Nifty made exact high of 8279 and this level was given in advance in the resistance levels.
Nifty is still in bear mode. Those who made longs with us in the zone of 8070-7960 without covering their longs, short near 8420-8434 levels (in next month series) with 20 points as stop-loss and if Nifty keeps on moving upwards then again take a short trade near 8560 level.
* For those who are long with us from the lower levels can keep their trailing stop-loss @ buy cost.
Major resistance levels are 8355-8370, 8420-8434, 8560, 8660
Major support levels are 8070, 8007, 7960-80, 7891, 7802, 7714
Nifty is still in bear mode. Those who made longs with us in the zone of 8070-7960 without covering their longs, short near 8420-8434 levels (in next month series) with 20 points as stop-loss and if Nifty keeps on moving upwards then again take a short trade near 8560 level.
* For those who are long with us from the lower levels can keep their trailing stop-loss @ buy cost.
Major resistance levels are 8355-8370, 8420-8434, 8560, 8660
Major support levels are 8070, 8007, 7960-80, 7891, 7802, 7714
**Analysis given with mandatory disclosure given on site on 07/12/2014.
Please read it before taking any trading decisions.......
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