Nifty Spot View ( 27/03/17 - 31/03/17 )

Last week Nifty moved exactly on the expected line. Opened gap-down near the level of 9160 ( lvl mentioned well in advance in the support column), not even this, Nifty took support exactly near the level of 9010.

Bulls tried their level best to safeguard the level of 9010 and bounced back from there. See here

Once again, a close below 9010 would be bad for "BULLS". Till then every dip is a buy.

Major resistance levels are ,9160-75, 9231, 9310, 9366-84, 9474.

Major support levels are  9105, 9060, 9010, 8941, 8887, 8805, 8777.

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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Bharti Airtel

Bharti Airtel is @ an important juncture.
This counter is a buy @ 340-336 levels with SL  @ 334 for the upper targets of 356, 362, 372, 382,401. And a close above 401 will take counter toward 411, 421, 441.
 And,
 This counter is a sell if it gives a close below 335 with SL @ 342. Targets are 325, 313, 303, 296, 283.

Bharti Airltel








** 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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Reliance Industries

Reliance Industry is very near to a strong resistance zone of 1328-1341. A close above 1345 will take this counter towards new highs else this stock is ready for correction.

Reliance Industries is a buy above  1345with SL @ 1339 on closing basis. Targets for the upside are 1369, 1388, 1395, 1407, 1445.
And,
Reliance Industries is a sell @ 1328-1340 with a SL @ 1345. Targets for the downside are 1295, 1260 And a close below 1258 will take counter more downside towards  1210, 1194, 1162, 1128.

Reliance Industries





** 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 Sppot View ( 21/03/17 - 25/03/17 )

Last week Nifty gave a good gap-up and stop exactly near the level of 9230 and made a high of 9218.
Now Nifty is in a new territory and now Bulls must ensure their existence above 9100  to take Nifty towards 9316 -9366.
A close below 9010 would not be good for Bulls.

Major resistance levels are  9231, 9310, 9366-84, 9474.

Major support levels are 9160, 9105, 9060, 9010, 8970, 8899,8805

March 21st is the equinox date.





** 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 ( 06/03/17 - 10/03/17 )

 From the last 2 weeks Nifty is not able to give a significant close above 8970 and this week too Nifty gave shorting opportunities  from the give zone of 8930-8945.
The view remains the same.
Only a significant close above 8970 may open the higher gates for Nifty.
&
Only a close below 8710 may open the lower gates for Nifty.

Major resistance levels are 8970 -  9010 -9184 - 9231 - 9280 .
Major support levels are 8860 - 8809 - 8710 -  8626 - 8510 - 8443.

* 6th March is an important pressure date. ( Consider + - 1 day error)

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.

Follow us on Facebook :  https://www.facebook.com/bullstrading

 

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