Markets Crash To End At 2 Month Lows Amid Global Jitters, Weakening Rupee & Rising Commodities.

Our Levels Traded Intact Even On A Big Gap Down Opening Day.

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Yesterday We Gave.

Support at 8320 for Nifty Spot. For Subscribers we gave 8240 as further support.

Nifty Spot exactly respected our resistance by hitting day’s low of 8225, high of 8322.20 and closed at 8299.95.

For Bank Nifty Spot we gave 18180 as support. For Subscribers we gave 18095 as further support and 17830 as final support.

Bank Nifty Spot exactly respected our levels by hitting day’s low of 17842, high of 18119 and closed at 18057.

For Nifty Future support given at 8330. For Subscribers we gave 8205 as final support. Nifty Future opened big gap down at 8280 to hit day’s low just above our last support of 8205 at 8222 in first 10 minutes and remained in a range of 8227-8278 till afternoon. Intraday short covering in last hour helped Nifty Future recover to hit day’s high of 8324.90, almost exact to our level of 8330 which acted as resistance on reversal and finally closed at 8306.35.

Support for Bank Nifty Future given at 18205. For Subscribers we gave 18125 as further support and 17855 as final support. Bank Nifty Future also opened gap down at 18055 to hit 18100 and slipped to hit day’s low pinpoint to our support of 17855 in morning session. After a range of 17886-18045 till afternoon, Bank Nifty Future recovered in last hour to hit day’s high exact to our level of 18128 and closed at 18072.

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