Nifty is moving on the expected line. Nifty has broken all its major supports and now doors for downside are open.
Sell on rise...
Major resistance levels are 8065, 8161, 8241, 8306, 8420-8434 (Strong resistance zone), 8490, 8560-70(Stronger resistance zone).
Major support levels are 7880, 7800-7785(an important support level), 7715, 7627, 7590.
It would be early to say but a close below 7710 may take Nifty more down towards 7366 to 7112 odd levels. This is what charts are saying..... Let's see whats has been stored for us in the near future....
16th June is a pressure date. (+ - 1day).
Sell on rise...
Major resistance levels are 8065, 8161, 8241, 8306, 8420-8434 (Strong resistance zone), 8490, 8560-70(Stronger resistance zone).
Major support levels are 7880, 7800-7785(an important support level), 7715, 7627, 7590.
It would be early to say but a close below 7710 may take Nifty more down towards 7366 to 7112 odd levels. This is what charts are saying..... Let's see whats has been stored for us in the near future....
16th June is a pressure date. (+ - 1day).
**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.
ReplyDeleteCheck below links and get useful information.
Short Term Ideas
Gateway Distriparks