Nifty Spot View ( 28/11/16 - 02/12/16 )

Last week after  triggering our stop-loss in longs @ 7935 Nifty made the low of 7916 & our target of 7896 was missed by just 20 points & again we got entry in our longs @ 7940 & 7972.
As expected Nifty moved on the expected line and we got good points from this run up. Not even this, on Friday Nifty stopped exactly @ 8115, the level which was mentioned a week in advance in the resistance levels zone.See here

Now, Nifty may go upto 8255-8270 zone.
Major resistance levels are 8130-43, 8255-8270, 8342, 8434-8442, 8510, 8600, 8640.
Major support levels are 8070, 7916,  7896, 7850,7833, 7715.

Next pressure date are 30th Nov. & 5thDec. ( The effect of PDs can be seen in + - 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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Nifty Spot View ( 21/11/16 - 25/11/16)

As posted in my last post SEE HERE, it was clearly said that avoid short and look for long entries near the given levels. Nifty stopped @ 8000 and from Nifty rallied for 600 points which was also posted very well in advance. Not even this Nifty stopped exactly @ 8598.45 and the level given was 8600.
Now again Nifty is approaching near the support zone.
We will try to make longs in the zone of 8000-7960 with SL @ 7935. And if Nifty breaks this level then our next zone for making longs would be from 7890- 7840 with SL @ 7825.

Major support levels are 8002, 7972, 7930, 7896, 7850,7833, 7715
Major resistance levels are 8070, 8115, 8250, 8341, 8433.

Nifty Spot

Nifty Spot View ( 07/11/16 - 11/11/16)

Nifty respected the level of 8737 which was  Posted very well in advance and Nifty achieved its target of 8434.And not even this Nifty gave a weekly close exactly @  Gann level of 8434.
On Thursday ( 03rdNov2016) Nifty gave a significant close below 8510 and as it was posted that a close below 8510 will open the doors for downwards, and the very next day Nifty rewarded us with 100+ points in short side. 
We are heading towards an important & major support zone and we may witness a very sharp rally of around 500-600 points. As in the coming week US Election are awaiting, so it would be better to trade less with very very strict SLs. I would not recommend any new shorts, rather look for support zone to make fresh positional longs. 
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Major support levels are 8365-8330,8294- 8273-8255, 8128, 8070.
Major resistance levels are  8504, 8600, 8710-8737, 8831, 8952.

BankNifty may take support in the zone of 18950-18820.