Nifty Spot View ( 01/11/16 - 04/11/16 )

As conveyed in my Last post, that a close above 8737 will open the gates for upper levels, and Nifty did made the exact high of 8736.95 and slipped from there to 8550. So, last week we made 200+ points from the longs near 8510 & then almost 150+ points from short near 8737. And this is what Gann said that "Plan your trade & Trade your plan". At bullstrading we are trying our level best to follow the principles laid by W D Gann.
View remains the same.
Major support levels are 8653, 8616, 8579, 8506, 8447-34, 8387, 8341, 8250, 8159, 8070.
Major resistance levels are  8653, 8682, 8710-8737, 8805, 8869, 8952.


 

Nifty Spot View (24/10/16 -28/10/16 )

Well last Nifty moved on the expected line & Bulls got a very low risk entry at 8510 level which I was posting since 2nd Oct. 
Nifty gave more than 200+ points from 8510 & Nifty stopped very near to the level of 8737 ( high made 8727). This is the accuracy if Gann theories.
This week Nifty is going to complete an important & a major time cycle. From 28th October to 5th November. We may see wild movements during this time range.
View remains the same. A close above 8737 will open the gates for next zone of 8860,  8795,  8831, 8952, 9010.
Major support levels are 8653, 8616, 8579, 8506, 8447-34, 8387, 8341, 8250, 8159, 8070.
Major resistance levels are 8795, 8624, 8682, 8710, 8759-61, 8831, 8952.

Only a close below 8510 will open the lower gates for Nifty.

Nifty Spot

 

 



 

 

Nifty Update

Do I need to say anything about Gann studies???
Nifty took U-turn from the mentioned level which was posted very well in advance. From 8510 to 8685 straight away 175 points. Not only this Nifty stopped exactly at the level of 8685 which was also mentioned in the last post. SEE HERE
Here is the updated chart:

Nifty Old Chart

 

 

Nifty Updated Chart


 

Now a close above 8710-8737 may take Nifty towards next zone of 8860,  8795,  8831, 8952, 9010, 9119.

Nifty Spot View ( 17/10/16 - 21/10/16 )

View remains the same. As indicated in my last post from 8560 to 8510 remains the buy zone. And a close below 8510 will open the lower gates.
Major support levels are 8555,8531,8510,  8447-34, 8387, 8341, 8250, 8159, 8070, 7897.
Major resistance levels are 8624, 8683, 8710, 8755-61, 8795,  8831, 8952, 9010, 9119.

Nifty Spot

 

Nifty Spot View ( 10/10/16 - 14/10/16 )

Nifty moved on the expected line after time -price squaring and gave 200+ points from 8571 to 8800.
On weekly charts Nifty formed an inside bar and a close below 8510 would open the doors for downside. From 8560 - 8510 its a buy zone.
In the same way, a close above 8952 will open the gates for upside.
Major support levels are 8651, 8555,8531,8510,  8447-34, 8387, 8341, 8250, 8159, 8070.
Major resistance levels are 8795, 8624, 8682, 8710, 8759-61, 8831, 8952, 9010, 9119.

 

Nifty Spot

 

 

 

 

Nifty Spot View ( 03/10/2016 - 07/10/2016 )

Dear friends thank you for your wishes. Due to some health issues I  was not able  to update the blog.


On Friday ( 30/09/16) in Nifty time & price got squared with each other. From 8571-8543 was an important support zone and Nifty actually did took support  in this zone.
A close below 8510 will open the lower gates for Nifty.
Major support levels are 8571,8531,8510,  8447-34, 8387, 8341, 8250, 8159, 8070.
Major resistance levels are 8624, 8682, 8710, 8759-61, 8831, 8952, 9010, 9119.

Nifty Spot