Broad Based Buying Lift Markets To 3 Months Closing Highs. Another Day Of Our Levels Exactly Respected.

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Yesterday We Gave.

Resistance at 8605 for Nifty Spot. For Subscribers we gave 8540 as initial resistance and 8615 as further resistance.

Nifty Spot exactly respected our levels by hitting day’s low of 8542.90, high of 8616.10 and closed at 8608.05.

For Bank Nifty Spot we gave 19000 as resistance. For Subscribers we gave 18845 as initial resistance and 19175 as final resistance.

Bank Nifty Spot also exactly respected our levels by hitting day’s low of 18868, high of 19195 and closed at 19168.

For Nifty Future resistance given at 8625. For Subscribers we gave 8590 as initial resistance and 8530 as initial support. Nifty Future opened positive to hit day’s low just above our support of 8530 at 8541 and jumped to trade in a range of 8563-8590 in first half of the day. Adding further gains in afternoon session Nifty Future rallied to 8632 and after slipping to 8606 in last hour Nifty Future recovered to hit day’s high just above our resistance at 8633.90 to finally close at 8626.65.

Resistance for Bank Nifty Future given at 19065. For Subscribers we gave 18910 as initial resistance and 19240 as final resistance. Bank Nifty Future opened at 18937 to hit day’s low just below our level of 18910 at 18886 in opening minutes and traded in a range of 18931-19075 in first half of the day. Second half of the day saw Bank Nifty Future rally to 18249 and after dropping to 19181 in last hour Bank Nifty Future recovered to hit day’s high almost exact to our resistance at 18250 in closing minutes and settled at 18230.