Nifty Spot View ( 30/05/16 - 03/06/16)

Well friends I hope that all our readers were able to sit in the right train. Nifty took support exactly @ the Gann level of 7715 which we gave on 15th May [ Nifty Spot View ( 16/05/16 - 20/05/16) ]. So this is power & accuracy  of Gann  studies. Gann studies will never allow you to sit in the wrong trade. Nifty rallied from 7715 to 8160 :- A profit of 445 points within only 3 consecutive trading days. Also the pressure dates worked perfectly which also were shared here very  well in advance [Pressure dates].
Now we may see 8335-8355-8410 levels in coming weeks.
Major resistance levels are 8160, 8270, 8341-55, 8410-8422-8433, 8525, 8617-28, 8655 8710,
Major support levels are 8002, 7992, 7940, 7840, 7735-17, 7675, 7604.

Nifty Spot Chart

 

Nifty Spot View ( 23/05/16 - 27/05/16 )

Nifty behaved on the expected line. It took resistance exactly at the mentioned Gann level and it took support exactly @ the mentioned Gann level. This is the beauty of Gann theories. From 7940 to 7737 pin point high to pin point low.
Major resistance levels are 7794, 7835-50, 7940, 90, 8070.
Major support levels are 7735, 7675, 7604, 7550-20, 7410, 7367.
* Pressure dates are 23rd - 25th & 31st May. The accuracy of pressure dates is + - 1 day.
We may see wild & volatile movements on these dates.

Nifty Spot

** 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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Nifty Spot View ( 16/05/16 - 20/05/16 )

As discussed  in our last post, Nifty reacted on the dates mentioned.
 To remain bullish Nifty needs to give a close above 7850. And a close below 7670 may drag Nifty towards 7550-7500 zone.
Major resistance levels are 7835-50, 7924, 7990, 8070
Major support levels are 7777, 7737, 7717, 7700, 7676, 7604, 7550-20, 7410
Next pressure dates are 21/22, 25th & 31st May.
* All levels are of Spot.

Nifty Spot

** 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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Nifty Spot View ( 09/05/16 - 13/05/16 )

Nifty found resistance and reacted exactly in the given zone of 7940-7980 and from there one sided down-sided rally towards 7777-7745-7715-7670 zone. Last month all the pressure dates worked very well. All the dates were published on 03rd April very well in advance See Here...
Last week Nifty took turn from the given support level of 7670 ad the low made was 7678. This is the accuracy of Gann studies

Major support levels are 7715-7670, 7605, 7540-7515, 7453, 7367
Major resistance levels are 7782, 7835, 7890, 7992, 8070.
A close above 7785 is positive for Nifty and we may see 8070, 8300+ levels.
A failure of which, may, drag Nifty toward 7410- 7215 levels.

*Pressure dates are 8th & 10th May. The accuracy of pressure dates is + - 1 day.

 

 

 

 

 

 

** 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.

 

Follow us on Facebook :  https://www.facebook.com/bullstrading
You can also Follow us on Twitter  :  https://twitter.com/bullstrading