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Sunday, 27 November 2016

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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