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Monday, July 13, 2015

Markets Close Positive On Recovery In Noon Trades From Negative Morning Session After Greece Deal With EU.

Our Levels Almost Respected Exactly.

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Yesterday We Gave.

Resistance at 8445 and support at 8315 for Nifty Spot. For Subscribers we gave 8485 as further resistance and 8345 as initial support.

Nifty Spot traded near to our levels by hitting day’s low of 8355.40, high of 8471.65 and closed at 8459.65.

For Bank Nifty Spot we gave 18905 as resistance and 18535 as support. For Subscribers we gave 18825 as initial resistance and 18690-18615 as initial support.

Bank Nifty Spot exactly respected our resistance by hitting day’s low of 18658, high of 18929 and closed at 18894.

For Nifty Future resistance given at 8470 and support given at 8340. For Subscribers we gave 8510 as further resistance and 8370 as initial support. Nifty Future opened exact to our level at 8401.65 to trade negative in a range of 8365-8389 and hit day’s low just below our support of 8370 at 8360.55 around noon. Fresh buying in noon trade lifted Nifty Future to 8487 in next one hour and after trading choppy range of 8469-8493 in afternoon trade Nifty Future hit day’s high just below our resistance of 8510 at 8493.90 in last hour and closed at 8481.95.

Resistance for Bank Nifty Future given at 18985 and support given at 18620. For Subscribers we gave 18905 as initial resistance and 18700 as support. Bank Nifty Future at 18822 and slipped to hit day’s low of 18701 to trade in a range of 18702-18805 till noon. Recovering in noon session Bank Nifty Future rose to 18980 and after a range of 18907-18962 in afternoon session Bank Nifty Future hit day’s high almost exact to our resistance of 18985 at 19020 in last hour and settled at 18974.

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