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.
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.
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| Nifty Spot |
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These updates on nifty gave me a good overview about the stock market. I would suggest traders to use best stock tips available to them and earn maximum profit on the money invested in the share market.
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