Well last week Nifty took support exactly @ the mentioned level of 8805 and from there Nifty rewarded us with 150+ points within 4 trading sessions. Not even this Nifty gave a weekly close very near to our level of 8935-45.
In this coming week we are going to enter in the time zone where multiple time cycles (major & minor) are going to get complete, so in the coming week Nifty may give volatile movements. From 28th Feb to 6th Mar are strong pressure dates are coming. Astrologically this time zone is also important.
The view remains the same. Only a significant close above 8970 may open the gates for Nifty for new highs.
And a close below 8710 will open the lower gates for Nifty.
Pattern wise Nifty is about to make Double top, to which Gann gave due importance.
Major resistance levels are 8935-45 - 9010 - 9119 -9184 - 10100
Major support levels are 8802, 8710, 8602 - 8535 - 8469 - 8325 - 8181 - 7890.
In this coming week we are going to enter in the time zone where multiple time cycles (major & minor) are going to get complete, so in the coming week Nifty may give volatile movements. From 28th Feb to 6th Mar are strong pressure dates are coming. Astrologically this time zone is also important.
The view remains the same. Only a significant close above 8970 may open the gates for Nifty for new highs.
And a close below 8710 will open the lower gates for Nifty.
Pattern wise Nifty is about to make Double top, to which Gann gave due importance.
Major resistance levels are 8935-45 - 9010 - 9119 -9184 - 10100
Major support levels are 8802, 8710, 8602 - 8535 - 8469 - 8325 - 8181 - 7890.
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| 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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