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Resistance at 8505 and support at 8360 for Nifty Spot. For Subscribers we gave 8470 as initial resistance and 8435 as initial support.

Nifty Spot exactly respected our support by hitting day’s low of 8433.20, high of 8479.25 and closed at 8444.90.

For Bank Nifty Spot we gave resistance at 18685 and 18300 as support. For Subscribers we gave 18610 as initial resistance and 18480 as initial support.

Bank Nifty Spot traded near to our levels by hitting day’s low of 18513, high of 18643 and closed at 18586.

For Nifty Future resistance given at 8505 and support at 8365. For Subscribers we gave 8470 as initial resistance and 8440 as initial support. Nifty Future opened positive at 8475 to hit 8430 in first 15 minutes trade and recovered to hit day’s high of 8477.90 in pre-noon trade. Second half of the day saw Nifty Future trade choppy in a range of 8442-8472 except to hit day’s low of 8426 and finally closed at 8438.

Resistance for Bank Nifty Future given at 18655 and support at 18285. For Subscribers we gave 18580 as initial resistance and 18525 as initial support. Bank Nifty Future opened at 18610 to hit day’s low just below our support at 18492 in opening minutes and recovered to hit day’s high just below our resistance of 18655 at 18628 in first hour of trade. Rest of the day saw Bank Nifty Future trade in a range of 18506-18625 and finally closed at 18566.

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