Nifty is moving on the expected line. Last week Nifty took support very near to the Gann level of 8070.
Major resistance levels are
8200, 8279, 8335, 8434,8470-8490-8500 (Strong Resistance zone) , 8560-8570 (Stronger resistance zone)
Major support levels are 8070-8065, 7980-7960 (an important
support), 7891, 7802, 7715.
Nifty will face strong resistance in the zone of 8560-8570
Nifty may face strong support near 8070-56 and 7980-7960.
**Analysis given with mandatory disclosure given on site on 07/12/2014.
Please read it before taking any trading decisions.......
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