Positive Close For 2nd Day, Markets At 2 Week Highs. Our Levels Exactly Respected Again.

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Yesterday We Gave.

Resistance at 8650 and support at 8485 for Nifty Spot. For Subscribers we gave 8615 as initial resistance and 8550 as initial support.

Nifty Spot exactly traded to our levels by hitting day’s low of 8551.50, high of 8606.30 and closed at 8588.65.

For Bank Nifty Spot we gave 19110 as resistance and 18745 as support. For Subscribers we gave 19030 as initial resistance and 18825 as initial support.

Bank Nifty Spot also exactly respected our levels by hitting day’s low of 18830, high of 19101 and closed at 19029.

For Nifty Future resistance given at 8675 and support given at 8510. For Subscribers we gave 8640 as initial resistance and 8575 as initial support. Nifty Future opened flat to hit day’s low just below our support of 8575 at 8566.50 in first 15 minutes and traded in a choppy range of 8570-8600 till afternoon. Adding gains to hit day’s high exact to our resistance at 8641 in afternoon session, Nifty Future finally closed at 8615.

Resistance for Bank Nifty Future given at 19200 and support given at 18835. For Subscribers we gave 19120 as initial resistance and 18915 as initial support. Bank Nifty Future opened at 19043 to hit day’s low almost exact to our support of 18915 at 18890 in first 15 minutes and traded in a range of 18896-18988 till afternoon. Adding gains in second half Bank Nifty Future rallied to hit day’s high exact to our resistance at 19194 just before last hour and settled at 19099.

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