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Wednesday, July 15, 2015

Markets Reverse Yesterday Loss. Nifty At 3 Month Closing High. Our Levels Exactly Respected Again.

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Yesterday We Gave.

Resistance at 8535 and support at 8405 for Nifty Spot. For Subscribers we gave 8470 as initial resistance and 8535 as resistance.

Nifty Spot exactly respected our levels by hitting day’s low of 8462.95, high of 8531.40 and closed at 8523.80.

For Bank Nifty Spot we gave 18965 as resistance and 18595 as support. For Subscribers we gave 18885 as initial resistance and 18750 as initial support.

Bank Nifty Spot also exactly respected our levels by hitting day’s low of 18774, high of 18895 and closed at 18816.

For Nifty Future resistance given at 8550 and support given at 8420. For Subscribers we gave 8515 as initial resistance and 8455 as initial support. Nifty Future opened positive to hit open low just above our support of 8455 at 8464 and jumped to hit 8539 in first 45 minutes trade. Rest of the day saw Nifty Future trade in a choppy range of 8521-8549 except to hit day’s high exact to our resistance at 8549.75 and finally closed at 8542.05.

Resistance for Bank Nifty Future given at 19020 and support given at 18655. For Subscribers we gave 18940 as initial resistance and 18810 as initial support. Bank Nifty Future opened at 18858 to hit day’s low exact to our support at 18820 in opening minutes and recovered to hit day’s high just above our resistance of 18940 at 18960 in first hour of trade. After a choppy range of 18901-18950 till noon, Bank Nifty Future saw some volatility in second half in a range of 18825-18924 and closed the day at 18880.

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