Nifty Weekly Gann Demand and Supply

As discussed in previous weekly post that Nifty should respect 8460/8470 for upside

 breakout above 8625-8640.Nifty after three consecutive attempt on 25th,26th,27th

July finally closed above 8640(as said in weekly report that to close watch on

 upper level of Breakout level 8640).

As we have seen breakout and closing above 8640,but our first resistance level

 8700(although High made 8675) not achieved.

What Next???

Now 8625-8640 act as a Balance Point from where Nifty to and fro to 8840 on

upside and 8460 on lower side.

Nifty(8328 on 1st July) almost achieved our 2nd July Medium term Outlook click here

Target of 8700 and BankNifty Target of 19200(BN was 17985 on 1st July).

Be cautious  as Nifty almost complete the reaction of downfall from 8294-7927.

Resistance-8750/8840

Support-8590/8500/8460

Previous Balance level-8500/8510

Note-This above is my Personal View for Educational Purpose only.
Read Disclaimer.

Nifty Weekly Gann Analysis

As discussed in previous post that Nifty PRZ was 8550,Nifty should respect

8460/8470 for next upside move.

Nifty broadly move in a tight range of upper level 8594,lower level of 8476

from 12th July, almost respect our lower level support 8460/8470 and closed

above 8500/8510 support level( as said on 14th July report click here)

As said earlier on 13th July report click here that as long as Nifty above 8460/8470

probability are more for upside breakout. We are stick to that level although

minimum Target of 8550/8585 has been Achieved.

What Next ???

If Nifty Break on lower side support of 8460 then next support at 8420/8400,

Closely watch the Upper level  8625-8640 for upside breakout  and should hold for

Next Resistance of 8700/8800.

Breakout level to watch-8625
Support-8460/8420-8400
Resistance-8700/8800

Note-The above analysis are my personal views for Educational Purpose only.
Read Disclaimer on Blog.

BankNifty Potential Reversal Zone EOD

As discussed in last report that Nifty may face PRZ 8550.

Nifty taken Resistance from 8550 and support before 8460 yesterday.

Now for Next Resistance to cross nifty should sustain above 8550.

Intraday support-8510/8500

posistional support -8470

Resistance-8585/8625/8700

BankNifty>>>

As discussed 11th july report click here that lower level target was 18300/18450

and Higher level target was 19200.BN almost achieved 18450.

What Next?

Now BN may face PRZ(Potential Reversal Zone) of 18850-18950 to cross for

Traget of 19100/19250.

Intraday Support-18750

Positional support-18600

Resistance-18850-18950(PRZ)/19100/19250


PRZ (Potential Reversal Zone) ,doesn't mean that Nifty/BN Reversal from PRZ.

It may or may not be.It is just a cluster Resistance Zone.

Note-The above is my personal view for Educational Purpose Only.Read Disclaimer.

Nifty 13rd July EOD update

As discussed in previous report that Nifty may face PRZ of 8530/8550  and support at 8460.

Today Nifty made high of 8550 in line with our PRZ upper level 8550.

What Next???

Nifty should sustain above PRZ 8550 for next Resistance 8585/8625/8700 with

due respect the support level 8460.

As long as Nifty above 8460 probability are more to break PRZ 8550 on upside.

Intraday/Positional Support -8460

Resistance-8550(PRZ)/8585/8625/8700.

PRZ (Potential Reversal Zone) ,doesn't mean that Nifty Reversal from PRZ.

It may or may not be.It is just a cluster Resistance Zone.


Note-The above is my personal view for Educational Purpose Only.Read Disclaimer.

Nifty Potential Reversal Zone,EOD update

As Discussed in yesterday analysis report that Nifty should respect 8460 for

target of 8550/8625.

Today Nifty made high of  8525 with due respect to 8460.

Now Nifty may face  PRZ(Potential Reversal Zone) of 8530/8550 and need

to cross the PRZ for the Target of 8625-8700.

As momentum is strong Nifty may overshoot the upper level of 8700 for that

Nifty should sustained above 8550.

Support-8460

Resistance-8530/8550(PRZ)/8625/8700

Note-Educational Purpose only.Read Disclaimer.

Nifty EOD Update

As discussed in the previous Analysis report that Nifty support at 8300/8290 and

8260/8230.

Nifty made a low of 8287 on Friday close to our support of 8290 and Bounce today.

Now Nifty close near 8467,which is very close to our mentioned lower level of the

zone 8500.

As mentioned in previous report that Nifty now enter the  Zone which Lower level is

 8500 and Higher level 8700.

What Next?

As Nifty almost reached at our lower level 8500.If Nifty sustained above 8460 and

respect the intraday support of 8436/8380 then Nifty next Resistance at 8550/8625.

Intraday Support-8436/8380

Positional Support-8300

BankNifty>>

As said in earlier report that support at 17900,BN made low of 17910 on Friday

and Reached today our Resistance Zone at 18300/18450.

As discussed on 2nd July report click here that BN Lower level Zone is  18300/18450

and Higher level as 19200.

Now BN intraday suport at 18160 and Resistance at 18450/18600.

Note-Educational Purpose Only.Read Disclaimer at top Right Page.

Nifty BankNifty Demand & supply Update

As discussed in previous report that nifty enters the Zone which higher level is 8700

and lower level is 8500.

To achieve this above target nifty should respect the intraday support of 8300/8290 and

positional support of 8260/8230.

BankNifty>>

BankNifty has intraday resistance at 18160 ,support at 17900 and Positional support

at 17800/17750 ,positional Resistance at 18300/18450.

Note-Educational Purpose only.Read Disclaimer.

Nifty BankNifty Medium Term OutLook

Dear Friends,

Due to time constraints i am unable to publish Report,But you are feel free to to

ask your questions on comments sections.When time permits  i will try to answer.

As discussed on 22nd June report that nifty can react from Balance point level 8210

 to and fro to complete rotation at 7992 or 8320/8420.Nifty prefer to complete

rotation on downside below 7992.

Now Balance Point level shift from 8210 to 8230/8260 from where Nifty to and fro to

 complete rotation.

Nifty now enter in the Zone of 8500/8700 with strong support at 8230/8150,

But the path is unknown as Nifty move in expanding Triangle.



BankNifty>>

As discussed 20th June report that BN will complete rotation near sub 17000 level ,

BN made low of 16946.As BankNifty complete the structure at 16946 so BN now

enters the the Zone which Higher level is 19200 , Lower Level is 18300/18450 and

 Support at 17750.

Next report will covers the Precise Demand and Supply level on EOD basis.

Note-The above is for Educational Purpose Only.Read Disclaimer.