Nifty Spot View ( 30/01/17 - 03/02/17 )

It was very clearly posted that a close above 8470 will open the upper gates. From 8470 to 8650 a whooooping profit of 180 points.
Next week on 01st Feb budge is coming so this session is going to be very volatile. Trade with extra caution & very strict stop-losses.
Nifty is approaching an important resistance zone which is from 8650 - 8710 - 8738. If this zone comes then we will make short positions with very strict SLs.
Major resistance levels are : 8650-8710-8738-8860-8968.
Major support levels are     : 8560. 8413,  8306, 8270,  8177, 8160,  8070-8052.
From 30th Jan to 7th Feb there are lot of strong pressure dates.

** The  below chart is sent to me by my best student Sunil K

Nifty Spot





 

 

Nifty Update

Do I need to say anything about Gann studies??

25th Jan was a pressure date and this date was posted on 2nd Jan, very well in advance.See here.  Also gave enough hints that a close above 8470 will open the upper gates.See Here   And yesterday i.e. on 24th Jan Nifty closed abv 8470. From 8470 to 8600. All the levels and dates were posted very well in advance.

Happy Trading...

Nifty Spot View ( 23/01/17 - 27/01/17 )

Last week Nifty faced resistance exactly in the given zone of 8434-8470.  Whole week Nifty spot was not able to give a close above 8434-8470 zone and on 20th Jan from our level Nifty fell down  more than 110+ points.  And not only this Nifty made the low exactly @ 8340 and the level posted was 8339.
Once again by the grace of God we shorted at the top.
The view remains the same. Only a close above 8470 will open the upper gates and a close below 8220 will open the lower gates towards 8070-8052.
Major resistance levels are : 8401, 8460, 8510-8650-8738-8860-8968.
Major support levels are     : 8306, 8270,  8177, 8160,  8070-8052.

Nifty Spot

 

Nifty Spot View ( 16/01/17 - 20/01/17 )

As we have posted well in advance that a close above 8270 would open the gates for 8335-8434 and the same happened. Nifty gave a close above  8270 on 10th Jan and we witnessed the target of 8434 within only 3 trading sessions. Now only a close above 8470 will open the gates for 8510-8650-8738.
Also Nifty gave a reaction on13th Jan, the date was also posted very well in advance.

Major resistance levels are 8470-8510-8650-8738-8860-8968.
Major support levels are 8379- 8339-8274- 8177- 8128- 8070.

Nifty Spot




** 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 ( 02-01/17 - 06-01-17 )

Wishing dear readers a very very Happy & a prosperous New year. May the Year 2017 brings a lots of  Happiness & Success for all of  us.

If our weekly updates on Nifty has helped you in making profits, then the BulllsTrading team requests you to do some donations to the needy ones &  try to become SANTA in somebody'life.

 The journey of 2016 was full of excitement. We witnessed a massive fall and made an important low of 6825 & from there we witnessed a phenomenal bullish trend which stopped @ 8968. Both @ 6825 & @ 8968 Time & Price got squared with each other. And by the Grace of God we were able to catch most of  bottoms & tops of 2016.

As posted in the  newsletter of 25th Dec 2016, we very clearly gave the zone of 7916-7896 as a buying zone. Nifty took support @ 7893 and from there we made a high of 8197.  Bottom fishing done @ 7896-7916 paid handsome rewards to us & our readers.  We got New Year Gifts in the form of 300+ Points.
As we told that  a close above 8070 would open the gates for 8130 - 8270 and the same happened. Now the level to look forward is 8270. A close above 8270 will open the gates for next zone of 8335 - 8434.

Major resistance levels are 8251-8270 -  8342 -  8434 -  8510 -  8600 -  8640 - 8738.
Major support levels are 8130- 8110- 7940 -  7893 - 7850 - 7833 - 7715.
Pressure dates for the month of Jan 2017 are  :  4th - 13th - 25th & 27th Jan.