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.
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.
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