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Sunday 22 October 2017

Nifty SPOT View ( 23/10/17 - 27/10/17 )

In our last newsletter we have clearly posted that a only close above 10140 will open the gates for 10225 and same happened. There is a cluster of levels in the zone of 10270-10370, so this zone may give trouble to Nifty.

Major support levels are 10110, 10063, 9969, 9875, 9808, 9760, 9610.
Major resistance levels are 10225, 10370, 10421.

Pressure dates are 24th to 28th Oct'17. Some major & important time cycles are going to get complete in this coming week, so mkt may face volatile movements during this week.

A close below 9685 will not be favorable for Bulls, and it may open much lower gates for Nifty.

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