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.
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.
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| Nifty Spot |
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