Nifty Spot View ( 27/06/17 - 30/06/17 )

The view remains the same .

Nifty is a buy in the zone of  9535 - 9510 with stoploss @ 9490.
and
Nifty is a sell in the zone of  9675 - 9710-25. First stoploss  would be @  9690 and second SL @ 9740.

Major resistance levels are 9610, 9670, 9725, 9770, 9867, 9967.

Major support levels are  9525 - 9510, 9482-74, 9341, 9250, 9184.

M&M, Dhampur Sugar, Rel Capital

M&M

M&M if approaches in the zone of 1353-1343 then its a must buy with stoploss @  1336.
Targets for longs are 1364, 1378, 1407, 1426, 1445, 1459.

DhampurSugar

Dhampur Sugar is a buy in the zone of 175-169 with SL @ 165. Targets for longs are 175, 183, 190, 197, 204, 211, 218, 225.

Reliance Capital

This counter may face stiff resistance in the zone of  607-613. SL would be at 615. Targets are 590,  577, 571, 566, 551, 529.

Nifty Spot View ( 19/06/17 - 23/06/17 )

Nifty Spot must take support in the zone of 9525-9510.

A close below 9500 would not be good for Bulls. If Bulls need to be in the game then they must protect this zone of 9525-9510. 

Major resistance levels are , 9610, 9670, 9725, 9770, 9867, 9967.

Major support levels are 9525 - 9510, 9482-74, 9341, 9250, 9184.

** 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 Update

Reliance Industries the level to make longs were 1295-1288 but it didn't went there rather it took u-turn from our level of 1315  See Here  and from there it met our 3rd target of 1382.

 As it was clearly written that 1369 level is important , on 16th June it  took support exactly @1369 from there it flew towards 1395.
The view remains the same.
Next important level are 1381, 1410, 1430,1467, 1490.
Important dates for this counter are 21st & 22nd June.

Reliance Ind. Spot (Updated chart)

Nifty Spot View ( 12/06/17 - 16/06/17 )

Last week Nifty traded in a very narrow range.
On Friday, Nifty found support near 9620 and from there met our target of 9670.
As mentioned in the resistance zone, Nifty faced resistance near to Gann level of 9725. A close above 9725 will make Nifty to move for further  higher levels of 9867, 9967.

Major resistance levels are 9670, 9725, 9770, 9867, 9967.
Major support levels are 9610, 9510, 9482-74, 9341, 9250, 9184.

From 9583-9510 is an support important zone 

A close below 9510 would bring pressure on Bulls.

Pressure date for the month of June are 12th, 16th, 21st , 25th & 29th.  ( + - 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.

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You can also Follow us on Twitter  :  https://twitter.com/bullstrading

Reliance Industries

Reliance Industries is a buy in the zone of 1295-1288 with SL @ 1284.
Targets for longs are 1315, 1333, 1353, 1382, 1411, 1431, 1445. And a close above 1369 will be more good for this counter.

 A close below 1285 will open the gates for 1199, 1174, 1157, 1109.

RIL (Cash)

Nifty Spot View ( 05/06/17 09/06/17 )

Dear subscribers & readers, first of all I would like to apologize for not posting the newsletter last week. I had a major accident and due to which I was not  able to post.

Well, Nifty moved on the expected line and on 25th May Nifty took support exactly @ the mentioned level of 9380 See here and met our 4th target.

Major resistance levels are 9620, 9670, 9725, 9867, 9967.
Major support levels  are 9540, 9482-74, 9341, 9250, 9184.