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Sunday 17 April 2016

Nifty Spot View (18/04/16 - 22/04/16)

We all witnessed  full pressure on Nifty last week and we have mentioned the  pressure dates very well in advance See Here.  Nifty gave a very low risk buy entry on 11thApril itself and we &  our clients have made a windfall profit of 300+points within 3 trading days.
Now Nifty is approaching towards an important & strong resistance zone from 7940-7980, as Nifty is going to complete 50% of its range from 9119 - 6825.
Will Nifty be able to give a close above this zone????
This week Time is going to get squared ... Will the Price also get squared this week??
If this week Time & Price gets squared with each other then we may  witness a change in trend. 17/18th April are pressure dates.
A close above 8000 may open the higher gates for 8336-41 levels.
Our plan of action has been mailed to our registered clients.

Major resistance levels are 7910, 7940,7972-7980, 8070, 8144, 8160, 8250, 8336-41, 8435.
Major support levels are 7805, 7777, 7671, 7589, 7515, 7460-35, 7367.







** Disclaimer: these are my personal views and for educational purpose and trade taken on these observation should be traded with strict Sl. Please also read the detailed Disclaimer mentioned in the Right side of Blog.
 
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1 comment:

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