Nifty respected the levels of 8270 on the upper side & 8070 on downside. Nifty is rangebound in the zone of 8270-8070. A close above or below this range will open the gates for next zone.
On 20th Dec price & time may get squared with each other and we may witness a one sided movement. Levels to watch for supports are 8070-8049.
Nifty made a n inside bar on weekly charts. So, the view remains the same.
On a broader view the major worries will begin only & only if Nifty spot gives a close below 7910.
Till then every correction is a buy.
Major resistance levels are 8255-8255-8270, 8342, 8434-8442, 8510, 8600, 8640.
Major support levels are , 8130, 8070, 7916, 7896, 7850,7833, 7715.
On 20th Dec price & time may get squared with each other and we may witness a one sided movement. Levels to watch for supports are 8070-8049.
Nifty made a n inside bar on weekly charts. So, the view remains the same.
On a broader view the major worries will begin only & only if Nifty spot gives a close below 7910.
Till then every correction is a buy.
Major resistance levels are 8255-8255-8270, 8342, 8434-8442, 8510, 8600, 8640.
Major support levels are , 8130, 8070, 7916, 7896, 7850,7833, 7715.
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