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Saturday, 18 June 2016

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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1 comment:

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