Nifty Spot View ( 27/06/16 - 01/07/16 )

Well friends & dear subscribers do I need to say anything about this massive fall. Nifty reacted from the level which was mentioned well in advance. On 5th June very clearly I wrote that a good downfall must come very soon and Nifty behaved in the same manner. This is the accuracy of Gann studies. See Here
Not even this  from 8270 to 8070, then from 8070 to 8270 and then again from 8270 to 7970 Nifty gave 200+200+300 = 700 points within this range. And the best thing is that all the levels were posted here well in advance.
Now what next???
Major resistance levels are 8070-60, 8138, 8224, 8296,  8335-55,  8410-8422-8433, 8525, 8617-28, 8655 8710
Major support levels are  8070-60, 8111, 7990-72, 7920-7906,  7845-7810, 7780, 7715, 7680, 7561.

A close below 7920 may drag Nifty further downwards.
& a close above 8300 may take Nifty in the next strong resistance zone of 8350-8450.
Next pressure date is 29th June & 8th July. The accuracy of pressure dates is + - 1 day.

Nifty Spot

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Nifty Spot View ( 20/06/16 - 24/06/16)

As posted in last post Nifty found resistance exactly @ the Gann level of 8270. Nifty wasn't able to give a significant close above 8270 and we witnessed a correction from 8270 to 8070. Nifty took support exactly at the Gann level of 8070-60 which was also posted very well in advance. SEE HERE
Just have a look at the chart below and see the beauty of Gann theories. We have posted the levels on 5th May and Nifty respected & took support @ Gann levels on 14th May , it took support exactly at the mentioned Gann level.
Next major resistance levels are 8199, 8296,  8335-55,  8410-8422-8433, 8525, 8617-28, 8655 8710
Major support levels are 8138, 8070-60, 8005, 7990-72, 7872., 7800-7780, 7715, 7680.
A close below 8050 may drag Nifty towards next important support zone of 8000-7970.

Next important date  is 21st June.  The accuracy of pressure dates is + - 1 day.
We may see wild & volatile movements on these dates.

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Nifty Spot View ( 06/06/16 - 10/06/16 )

Nifty found resistance exactly @ the  Gann level of 8270 and made the weekly high if 8263.
A close above 8270 may drive Nifty towards strong resistance zone of  8335-55, 8410.
I am expecting a good downfall must come in the coming days.
Major resistance levels are 8270, 8335-55,  8410-8422-8433, 8525, 8617-28, 8655 8710
Major support levels are 8201, 8130, 8070, 7970, 7872., 7800-7780, 7715, 7680.
Next important pressure dates are 7th June , 21st June 2016. Pressure dates effect can be +-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.

 

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