Nifty Spot View ( 28/08/17 - 01/09/2017 )

Nifty made an inside bar on weekly charts. So the view still remains the same.
Nifty  is in range bound zone. 9950-9685. Sell near top and buy near support is the strategy till any of the range is broken. Only a close above 10137 will open the gates for further new highs.

Major resistance levels are 9910, 9947, 10041, 10137, 10225, 10370.

Major support levels are 9810, 9740, 9685-9668, 9576, 9495, 9448.

Nifty Spot

Axis Bank

Axis bank gave weekly close  @ 49(0) . This counter is a short below 485 with SL @ 491 for the targets of 479, 465, 450, 441,425. If it breaks 485 this time then it would be its 4th attempt and this time it may go down with great speed

** 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 ( 21/08/17 - 25/08/17 )

  Nifty gave Long entry on Wednesday low made  9773 and met  our target of 9910 on Upside .  Lets see what has been stored for the coming week as we are about to  approach an important  time cycle date on 21st Aug.

Nifty made an inside bar on weekly charts. The view remains the same.


Major resistance levels are 9910, 9987, 10041, 10137, 10225, 10370.

Major support levels are 9685-9668, 9596, 9448.

Important dates to watch are 19-21 August.

** 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 ( 16/08/17- 18/08/17 )

Well from 31st July Nifty spot is not able to give a close above 10100 and from there it  corrected damn good 450+ points.
9806 level is the level to watch. Above 9806 Nifty may touch 9908-9910 levels. And a close above 9910 will open the gates for 9987 - 10041 - 10100.
Only a close above 10137 will open the gates for further new highs.

Major resistance levels are 9910, 9987, 10041, 10137, 10225, 10370.

Major support levels are 9685-9668, 9596, 9448.

Important dates to watch are 19-21 August.

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

 

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