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Tuesday, July 7, 2015

Markets Snap Three Day Gains To Close In Marginal Negative After Day Long Choppiness.

Our Levels Once Again Exactly Respected.

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Yesterday We Gave.

Resistance at 8540 and support at 8390 for Nifty Spot. For Subscribers we gave 8575 as further resistance and 8470 as initial support.

Nifty Spot traded near to our levels by hitting day’s low of 8483.85, high of 8561.35 and closed at 8510.80.

For Bank Nifty Spot we gave resistance at 18930 and 18540 as support. For Subscribers we gave 19015 as further resistance and 18720 as initial support.

Bank Nifty Spot exactly traded as per our levels by hitting day’s low of 18713, high of 18981 and closed at 18799.

For Nifty Future resistance given at 8555 and support at 8405. For Subscribers we gave 8485 as initial support. Nifty Future opened at 8536 to hit day’s high almost exact to our resistance at 8561.05 in first 15 minutes and traded in a range of 8517-8555 till afternoon. After hitting day’s low exact to our support at 8481.10 Nifty Future managed a marginal recovery in last hour to end the day at 8516.60.

Resistance for Bank Nifty Future given at 18960 and support at 18575. For Subscribers we gave 18885 as initial resistance and 18670 as initial support. Bank Nifty Future opened flat at 18850 to hit day’s high just above our resistance of 18960 at 18996 and traded in a range of 18820-18965 till afternoon. After hitting day’s low just above our support of 18670 at 18702 Bank Nifty Future recovered in last hour to close at 18806.

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