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Sunday 20 September 2015

NIfty Spot View (21/09/15 - 25/09/15)


From 7560 to 8060 clear cut profit of 500 points..... Nifty moved on the expected line. Nifty took support @ the Gann level, Nifty  found resistance @ the Gann level of 8060. We & our clients have made short position @ 8045 on Friday.
Major support levels are 7980, 7891, 7802, 7777, 7715-11,
Major resistance levels are 8060-8070, 8097, 8160, 8250, 8341, 8433-50, 8530
A close below 7539 may take Nifty towards 7120, 6832-25( an important support level).

Gann Pressure Date

21st & 23rd September are two pressure dates are coinciding with each other this week, so some wild movements can be seen.
This week Nifty is going to complete an important time cycle...






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