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.
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.
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| Nifty Spot Chart |
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