Nifty Spot View ( 18/01/16 - 22/01/16)

 
Major resistance levels are 7453, 7551, 7608, 7715.
Major support levels are 7367, 7342, 7306(important support zone),  7291, 7196, 7119, 7027.
A close below NIfty may find support near 7119-7111.

Nifty update

Nifty took resistance@ the first level and fell drastically from 7979. A huge profit  of more than 400 points in short trade.
Tomorrow an important & strong pressure date. Tomorrow time & price may get squared with each other by degree. Also 8th Jan2016 is an important anniversary date.
Buy Nifty near 7550-40 rage with stoploss of only 10 points and if this stoploss is triggered then take another chance to buy Nifty near 7475-70 with stoploss @ 7450.
A close below 7450 would bring more danger for Nifty, but don't short NIfty @ lower levels.

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Time

Price

Nifty Spot View (04/01/2016 - 08/01/2016)

Wish all subscribers & viewers a very Happy New Year!!!



Major resistance levels are 7979-7999, 8065-78, 8114, 8160.
Major support levels are 7849, 7812, 7715, 7627, 7539.
6th & 8th Jan are important pressure dates.