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Thursday, August 13, 2015

Markets Fail To Hold Relief Rally To End Flat Positive Amid Volatile Range In Second Half.

We Once Again Gave Exact Levels & Same Were Respected In Markets.

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Yesterday We Gave.

Resistance at 8440 and support at 8295 for Nifty Spot. For Subscribers we gave 8400 as initial resistance and 8330 as support.

Nifty Spot traded almost exact to our levels by hitting day’s high of 8429.50, low of 8339.75 and closed at 8355.85.

For Bank Nifty Spot we gave 18250 as resistance and 17955 as support. For Subscribers we gave 18090 as initial resistance and 18345 as further resistance.

Bank Nifty Spot exactly traded to our levels by hitting day’s high of 18359, low of 18081 and closed at 18175.

For Nifty Future resistance given at 8455 and support given at 8315. For Subscribers we gave 8415 as initial resistance and 8350 as initial support. Nifty Future opened gap up at 8405 to hit day’s high just below our resistance of 8455 at 8445 and slipped to trade in a range of 8400-8440 till noon. After a volatile range of 8370-8438 in afternoon session Nifty Future hit day’s low almost exact to our support at 8357 in last 30 minutes and after recovering to 8404, Nifty Future finally closed at 8381.

Resistance for Bank Nifty Future given at 18325 and support given at 18035. For Subscribers we gave 18420 as further resistance and 18110 as initial support. Bank Nifty Future also opened gap up at 18250 to hit day’s high almost exact to our resistance at 18410 in opening minutes and slipped to trade in a range of 18222-18397 till noon. Slipping further to hit day’s low just above our support of 18110 at 18135 in mid noon session, Bank Nifty Future traded volatile in a range of 18157-18362 in second half and settled at 18243.

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