Nifty Spot View (23/11/15 -27-11/15)

Last week Nifty gave very good returns from the given level of 7715 and  gave almost 200 points. Nifty turned twice from this level and we & our clients got double chance to make good enough points. Our Calls gave more than 100% returns.

This week an important zone to keep in mind is 7921-7937. A short position can be initiated around this zone with stop-loss @ 7960. Targets are 7906, 7842, 7805, 7762, 7715, 7690.
A close above 7960 can take Nifty towards 8025-65.

Major  resistance levels are 7921-37, 8025, 8065, 8129
Major support levels are 7906, 7842,  7805, 7762, 7715, 7690.
* A close below 7680 would be an open invitation for Bears...
* All levels are of Spot.

Nifty Spot Chart

Nifty Update

Just look at the previous post and see the accuracy of Gann levels.  Previous Post
Today Nifty took support exactly at the Gann level of 7715 ( this level was given on 15-11-2015, very well in advance) and from there it rallied more than 110 points in a single day...
Our  7800Call option gave more than 100% returns in a single day.
Major resistance levels are  7891, 7921, 7980, 8025, 8065, 8129
Major support levels are 7715-7690, 7675, 7607, 7590,  7539, 7475.
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Nifty Spot Updated Chart

Nifty Spot View (16/11/2015 - 20/11/2015)

Nifty is heading towards a strong support zone from 7715-7690. A close below 7680 may bring Nifty more own towards 7539-7475.
A long position can be taken in the zone of 7715-7690 with stoploss @ 7675 on closing basis.
Creating new short positions now s not suggested.
Major resistance levels are 7777, 7803, 7891, 7932, 7980, 8033, 8070, 8134,
Major support levels are 7715-7690, 7675, 7607, 7590,  7539, 7475.

Nifty Spot

Nifty Spot View (09/11/15 - 13/11/15)

Nifty is going to open gap down on account of Bihar election.

Last week both pressure dates worked very well. 7th was a pressure date which was given on 30th October. 7th being a non trading day its effect will be seen on 9th Nov. We may see a panic environment tomorrow. A close below 7715 may drag Nifty towards 7475.

Major resistance levels are 8110,  8165, 8220, 8330-65
Major support levels are 7801, 7715, 7665, 7539.