Markets Close Negative For 2nd Consecutive Day. Indices Traded Near To Our Levels.

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Resistance at 8455 and support at 8390 for Nifty Spot. For Subscribers we gave 8415 as initial resistance and 8310 as initial support.

Nifty Spot traded near to our levels by hitting day’s high of 8400.30, low of 8323 and closed at 8328.55.

For Bank Nifty Spot we gave 18650 as resistance and 18275 as support. For Subscribers we gave 18565 as initial resistance and 18435 as initial support.

Bank Nifty Spot also traded near to our levels by hitting day’s high of 18584, low of 18409 and closed at 18509.

For Nifty Future resistance given at 8470 and support given at 8285. For Subscribers we gave 8430 as initial resistance and 8325 as initial support. Nifty Future opened exact to our level at 8390 to hit day’s high just below our next resistance of 8430 at 8416 and slipped to trade in a range of 8351-8393 till afternoon. After slipping further to hit day day’s low almost exact to our support at 8332 in last hour, Nifty Future finally closed at 8346.10.

Resistance for Bank Nifty Future given at 18705 and support given at 18325. For Subscribers we gave 18650 as initial resistance and 18410 as initial support. Bank Nifty Future opened at 18538 to hit day’s low just above our support of 18410 at 18436 in first hour and traded in a range of 18467-18600 till afternoon. After hitting day’s high just above our resistance of 18620 at 18650 in afternoon session, Bank Nifty Future slipped in last hour to 18525 and closed at 18567.

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