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Tuesday, July 21, 2015

Negative Close As Markets Fail To Sustain At Higher Levels. Our Levels Never Failed & Exactly Respected.

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Yesterday We Gave.

Resistance at 8650 and support at 8520 for Nifty Spot. For Subscribers we gave 8620 as initial resistance and 8555 as initial support.

Nifty Spot exactly respected our levels by hitting day’s high of 8646.75, low of 8517.90 and closed at 8529.45.

For Bank Nifty Spot we gave 19135 as resistance and 18850 as support. For Subscribers we gave 19065 as initial resistance and 18675 as final support.

Bank Nifty Spot traded near to our levels by hitting day’s high of 19102, low of 18702 and closed at 18723.

For Nifty Future resistance given at 8675 and support given at 8545. For Subscribers we gave 8645 as initial resistance and 8580 as initial support. Nifty Future opened at 8621.55 to hit day’s high almost exact to our resistance at 8649.85 and traded in a range of 8599-8645 till last hour. Further profit booking dragged Nifty Future to hit day’s low just below our support of 8545 at 8532.30 in last hour and closed at 8545.

Resistance for Bank Nifty Future given at 19195 and support given at 18905. For Subscribers we gave 19120 as initial resistance and 18730 as final support. Bank Nifty Future opened at 19075 to hit day’s high just above our resistance of 19120 at 19148 and traded in a range of 19005-19145 till noon. After a lower range of 18950-19057 in afternoon session, Bank Nifty Future slipped further in last hour to hit day’s low exact to our support at 18736 and settled at 18765.

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