Markets Close At 2 Week Lows On The Back Of Selling Pressure For 4th Consecutive Day.

We Never Missed As Our Levels Once Again Exactly Respected.

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Yesterday We Gave.

Support at 8415 for Nifty Spot. For Subscribers we gave 8445 as initial support and 8340 as further support.

Nifty Spot exactly tested our levels by hitting day’s high of 8447, low of 8337.95 and closed at 8349.45.

For Bank Nifty Spot we gave 18515 as support. For Subscribers we gave 18260 as final support. Below 18260 we gave 18155-18040 as further support in live markets.

Bank Nifty Spot also exactly respected our levels by hitting open high of 18515, low of 18035 and closed at 18060.

For Nifty Future support given at 8445. For Subscribers we gave 8370 as further support. Nifty Future opened gap down at 8452.30 to hit 8398 and recovered to hit day’s high just below our level of 8475 at 8457 in morning trade. After a range of 8425-8452 till afternoon, Nifty Future witnessed further selling in second half to hit day’s low just below our support of 8370 at 8355 in last hour trade and closed at 8365.45.

Support for Bank Nifty Future given at 18585. For Subscribers we gave 18420-18330 as next support. In live markets we gave 18225-18110 as further support levels below 18330. Bank Nifty Future opened gap down to hit day’s high almost exact to our level of 18585 at 18600 and slipped to test our level of 18420 by hitting 18426 in first 45 minutes trade. After a range of 18443-18540 till afternoon, Bank Nifty crashed in second half to hit day’s low of 18094 in last hour and settled at 18136.

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