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Wednesday, July 22, 2015

Markets Reverse Two Day Losses To Close At Fresh 3 Month High. Nifty Near Crucial Resistance Of 8660.

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Yesterday We Gave.

Resistance at 8610 and support at 8480 for Nifty Spot. For Subscribers we gave 8650 as further resistance and 8510 as initial support.

Nifty Spot exactly respected our levels by hitting day’s high of 8643.90, low of 8498.55 and closed at 8633.50.

For Bank Nifty Spot we gave 18905 as resistance and 18620 as support. For Subscribers we gave 19080 as final resistance and 18695 as initial support.

Bank Nifty Spot also exactly respected our levels by hitting day’s low of 18614, high of 19038 and closed at 18997.

For Nifty Future resistance given at 8625 and support given at 8500. For Subscribers we gave 8665 as further resistance and 8530 as initial support. Nifty Future opened exact to our support at 8500 to hit day’s low of 8491 and jumped to hit 8634 around noon. After a range of 8612-8637, Nifty Future added further gains in afternoon session to hit day’s high pinpoint to our resistance at 8664.75 and after a quit range of 8639-8662 in last 90 minutes Nifty Future settled at 8648.40.

Resistance for Bank Nifty Future given at 18950 and support given at 18660. For Subscribers we gave 19125 as final resistance and 18735 as initial support. Bank Nifty Future opened at 18725 to hit day’s low pinpoint to our support at 18661 in first 15 minutes and rallied to hit our level of 18950 around noon. After a range of 18890-18945 in afternoon session, Bank Nifty Future rallied further to hit day’s high almost exact to our last resistance at 19114 and after a range of 19021-19104 in last 90 minutes Bank Nifty Future settled at 19057.

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