So you the see impact of Pressure date last week. Nifty fell more than 300 Points within 2 days from the given level and given date. Not only our Indian index fell but the whole world fell from the told pressure date. And I also wrote in my last week's post that a close below 8430 could be an open invitation to Bears and see the same happens. From he last few weeks I was giving more emphasis on shorting the markets
On Monday (ie. today 24/8/15) another gapdown could be seen. Those who are short with us @ 8510 keep on booking partial profits at the told levels.Trailing stop-loss for shorts would be at close above 8434. And initiate longs near 8180-60 levels without covering their short positions
Major resistance levels are 8357, 8434, 8503, 8530, 8618, 8655
Major support levels are 8178-8160, 8065, 8011, 7940,
Buy Nifty near the support area of 8178-8160 levels with stop-loss @ 8140.
Sell Nifty near 8321-30 with stop-loss @ 8350.
On Monday (ie. today 24/8/15) another gapdown could be seen. Those who are short with us @ 8510 keep on booking partial profits at the told levels.Trailing stop-loss for shorts would be at close above 8434. And initiate longs near 8180-60 levels without covering their short positions
Major resistance levels are 8357, 8434, 8503, 8530, 8618, 8655
Major support levels are 8178-8160, 8065, 8011, 7940,
Buy Nifty near the support area of 8178-8160 levels with stop-loss @ 8140.
Sell Nifty near 8321-30 with stop-loss @ 8350.
Hey, thanks for the information. your posts are informative and useful.
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