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Friday, August 7, 2015

Clueless Markets End Negative Amid Choppy Day With Just 40 Points Range In Nifty.

High Volatile Range or Low Choppy Range, Our Levels Never Failed.

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Yesterday We Gave.

Resistance at 8670 and support at 8505 for Nifty Spot. For Subscribers we gave 8605 as initial resistance and 8540 as initial support.

Nifty Spot traded close to our levels by hitting day’s low of 8552.70, high of 8595.95 and closed at 8564.60.

For Bank Nifty Spot we gave 18845 as support. For Subscribers we gave 19000 as initial support.

Bank Nifty Spot exactly respected our levels by hitting day’s high of 19020, low of 18849 and closed at 18894.

For Nifty Future resistance given at 8695 and support given at 8535. For Subscribers we gave 8630 as initial resistance and 8570 as initial support. Nifty Future opened at 8599 to hit day’s high just below our resistance of 8630 at 8619 in first 45 minutes and traded in a choppy range of 8583-8612 till afternoon. After hitting day’s low almost exact to our support at 8575.20 in afternoon, Nifty Future extended its choppiness for rest of the day in a range of 8579-8602 and closed at 8594.10.

Support for Bank Nifty Future given at 18915. For Subscribers we gave 19070 as initial support. Bank Nifty Future opened at 19053 to hit day’s low almost exact to our level at 19079 in first 45 minutes and traded within 140 points range for the day. After hitting day’s low exact to our support of 18920 in afternoon session Bank Nifty Future finally settled at 18980.

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