As Discussed in earlier post that Nifty should cross cluster Resistance 8250-8260-8270
decisively to reach at PRZ 8320-8330 and then Zoom Target.But not happened and
reverse without touching PRZ level.
As said earlier Nifty should respect 8047/8030 level and gathers energy at 8090/8100
level to cross PRZ and Zoom Target.
On 19th June analysis discussed that intraday support at 8130/8100 and Resistance at
8250,Nifty made low today 8107 and high made 8244,Our target almost achieved today
on both side with acceptance error of 6-7 points.
So What Next???
As the name Hawk Eye scan, Now watch closely the level 8210 for Nifty.
Case-I.
If Nifty sustain and close above 8210 for consecutive day then chances are cross
the cluster resistance upper level 8270 to reach at PRZ 8320-8330/Zoom Target 1(8420).
Case-II
If Not the case-I then Below 8130 level,Nifty may drag to the 8050-8000 then another
scenario which we will discuss latter.
BankNifty>>>
As discussed in 14th june report click here 15th June report click here that BN has good
support at 17450-17500 today BN made low 14425 then bounce from that to 17779.
BankNifty closed four consecutive day above our cluster support 17600-17650.
Now apart from cluster support watch carefully 17882-17905 which is the cluster
resistance upper level.
This upper cluster resistance level has capacity to repel or knock Down BN to sub
17000 level within 2-3 trading session.
Above 17900 Resistance are 18300-18500/Zoom Target(?)
Note-This is my personal view for Educational Purpose Only.Read Disclaimer in top Right.
decisively to reach at PRZ 8320-8330 and then Zoom Target.But not happened and
reverse without touching PRZ level.
As said earlier Nifty should respect 8047/8030 level and gathers energy at 8090/8100
level to cross PRZ and Zoom Target.
On 19th June analysis discussed that intraday support at 8130/8100 and Resistance at
8250,Nifty made low today 8107 and high made 8244,Our target almost achieved today
on both side with acceptance error of 6-7 points.
So What Next???
As the name Hawk Eye scan, Now watch closely the level 8210 for Nifty.
Case-I.
If Nifty sustain and close above 8210 for consecutive day then chances are cross
the cluster resistance upper level 8270 to reach at PRZ 8320-8330/Zoom Target 1(8420).
Case-II
If Not the case-I then Below 8130 level,Nifty may drag to the 8050-8000 then another
scenario which we will discuss latter.
BankNifty>>>
As discussed in 14th june report click here 15th June report click here that BN has good
support at 17450-17500 today BN made low 14425 then bounce from that to 17779.
BankNifty closed four consecutive day above our cluster support 17600-17650.
Now apart from cluster support watch carefully 17882-17905 which is the cluster
resistance upper level.
This upper cluster resistance level has capacity to repel or knock Down BN to sub
17000 level within 2-3 trading session.
Above 17900 Resistance are 18300-18500/Zoom Target(?)
Note-This is my personal view for Educational Purpose Only.Read Disclaimer in top Right.
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