A clear indication was given that a close above 7640 may take Nifty towards 7715-7740 and see the accuracy of Gann theories that Nifty took resistance exactly @ the mentioned level zone and stopped exactly @ 7715.
28th March is an important pressure date.
Plan of action is : We will buy Nifty if it approaches 7620-7600 zone with stop-loss @ 7585.
A close below 7585 may take Nifty towards 7540, 7427, 7277.
If Nifty approaches 7820-7830 zone then we will make short position with stop-loss @ 7845. If Stop-loss triggers, again we will make short position @ 7970-80with stop-loss @ 8000.
Major resistance levels are7787, 7829, 7891, 7972-80, 8070, 8114, 8160, 8250, 8341-65
Major support levels are 7640-20, 7589, 7540, 7427, 7367, 7277, 7126.
28th March is an important pressure date.
Plan of action is : We will buy Nifty if it approaches 7620-7600 zone with stop-loss @ 7585.
A close below 7585 may take Nifty towards 7540, 7427, 7277.
If Nifty approaches 7820-7830 zone then we will make short position with stop-loss @ 7845. If Stop-loss triggers, again we will make short position @ 7970-80with stop-loss @ 8000.
Major resistance levels are7787, 7829, 7891, 7972-80, 8070, 8114, 8160, 8250, 8341-65
Major support levels are 7640-20, 7589, 7540, 7427, 7367, 7277, 7126.
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| Nifty Spot |
Dear Sir, Thank you very much for posting such wonderful blog. This week also I earned huge profit because of you only. First Nifty given me chance for long @ 7600 & I earned 170 points till 7777. As you have already market 7972-80 level in red, I used that level for short with SL of 10 points only & again I earned more than 100 points today. Thank you very much once again... !
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