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Wednesday, August 5, 2015

Positive Close After Day Long 30-40 Points Range Consolidation.

Our Levels Exactly Respected By Bank Nifty Spot & Future.

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Yesterday We Gave.

Resistance at 8610 for Nifty Spot. For Subscribers we gave 8535 as initial resistance.

Nifty Spot traded near to our levels by hitting open low of 8545.85, high of 8591.85 and closed at 8567.95.

For Bank Nifty Spot we gave 19160 as resistance and 18785 as support. For Subscribers we gave 19075 as initial resistance and 18870 as initial support.

Bank Nifty Spot exactly respected our support by hitting day’s low of 18869, high of 19104 and closed at 18929.

For Nifty Future resistance given at 8640. For Subscribers we gave 8560-8600 as initial resistance levels. Nifty Future opened flat to hit day’s low at 8551 and jumped to trade in choppy range of 8581-8610 till afternoon. After hitting day’s high of 8618 Nifty Future slipped to 8576 in afternoon and after a quiet range of 8579-8597 in last hour Nifty Future finally closed at 8592.65.

Resistance for Bank Nifty Future given at 19245 and support given at 18870. For Subscribers we gave 19160 as initial resistance and 18955 as initial support. Bank Nifty Future opened at 19125 to hit day’s high pinpoint to our resistance at 19158 in opening seconds and traded in a range of 19000-19150 in first half of the day. After hitting day’s low just below our level of 18955 at 18931 in afternoon Bank Nifty Future recovered in last hour to 19046 and closed at 19016.

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