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Wednesday 2 March 2016

Nifty Update & Banks Update

Nifty moved on the expected line and the best thing is that we were very well prepared for the price-zone of 6870-6825. Nifty made a pin-point low of 6825 and from there we got more than 500+ points within only 3 trading days. Its a dream of every trader to buy @ the bottom and to sell @ the top. And here @ BullsTrading we have done this many times before. When there was bearishness all around, we made long positions with the stop-loss of very minimum points. For the risk of 30 Points we are getting a profit of 500+points. Only & only having blind faith on one's own system is the key to success in trading share market. Even today Nifty closed @ the Gann level of 7369.85 which was our last target in the resistance zone.
See these charts of Nifty, Bank Nifty, Sbin, ICICI Bank previous & current charts.  SEE HERE

Nifty Previous Chart posted on 11th Feb16

Nifty Spot Current chart

Bank Nifty
BankNifty previuos Chart posted on 28th Feb16

Bank Nifty Current Updated Chart
SBIN

SBIN Previous Chart of 28thFeb16


SBIN Updated Chart




ICICI BANK

ICICIBANK Previous chart

ICICI BANK Current Updated chart





All the stocks & Indexes gave superb returns, and all the levels & charts were posted well in advance.

Major resistance levels are 7369, 7411, 7455, 7541, 7592-7602,
Major support levels are 7308,  7252, 7195, 7103, 7010, 6944, 6835-25








 

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