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Tuesday, August 18, 2015

Flat Negative Close As Markets Fail To Hold Higher Levels For Second Straight Day.

Another Day For Our Exact Levels Which Were Respected By Markets.

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Yesterday We Gave.

Resistance at 8570 and support at 8385 for Nifty Spot. For Subscribers we gave 8530 as initial resistance and 8425 as initial support.

Nifty Spot almost respected to our levels by hitting day’s high of 8525.75, low of 8433.60 and closed at 8466.55.

For Bank Nifty Spot we gave 19010 as resistance and 18635 as support. For Subscribers we gave 18850 as initial resistance and 18720 as initial support.

Bank Nifty Spot almost respected our levels by hitting day’s high of 18874, low of 18596 and closed at 18781.

For Nifty Future resistance given at 8580 and support given at 8395. For Subscribers we gave 8540 as initial resistance and 8435 as initial support. Nifty Future opened positive at 8505 and inched to hit day’s high almost exact to our resistance at 8531.95 in morning session and slipped to hit day’s low exact to our support at 8437.25 around noon. After a range of 8441-8478 in mid noon session, Nifty Future made partial recovery till 8499 and after a quite range of 8470-8497 in last hour Nifty Future closed at 8481.70.

Resistance for Bank Nifty Future given at 19030 and support given at 18655. For Subscribers we gave 18870 as initial resistance and 18740 as initial support. Bank Nifty Future also opened positive to hit day’s high just above our level of 18870 at 18895 to trade in a range of 18796-18890 in morning session and slipped to hit day’s low just below our support of 18655 at 18614 around noon. After a range of 18655-18769 in mid noon session, Bank Nifty Future recovered till 18870 in afternoon and closed at 18813.

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