Friday 6 May 2016

NIfty Weekly Review

Dear All###

As i have mentioned in my earlier post that Nifty 50 cluster Resistance 7730-7775.

Last two day Nifty 50 to and fro near 7730.As nifty touch Gann Half vibration  7965

of last fall from 9119 to 6825 so undertone is bullish.Question is this down fall

from 7992 where it ends before Elliott wave logical support 7517 or Gann angle

Weekly support 7260. Ok all this are medium term perspective.For short term 7667

is the major Gann support and 7880 Major Gann Resistance followed by 7775-7790

for Next week.

From my earlier post BankNifty support was 16166,Today's Low is near to that support.

Gann Cluster Resistance at 16384 & 16448.I will update latter for BankNifty.

To know Banknifty weekly Review Tune to NiftyinTune means Nifty in Rhythm.

Note-Before Your first Trade make sure you are in Sync with Market,
So these above analysis is for Educational Purpose Only. 

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