Nifty EOD Balance Point

As per previous 15th Jan analysis long term Resistance was 8650 nifty made high around 8670.

As Nifty crossed the long term strength test level 8500/8530 in order to make new high or to reach at termination level 8925/8950,Nifty should respect Balance point is 8510/8540.

Nifty 8500 level is the level from which nifty to and fro,so just wait and watch this level carefully.

Level to watch?

short term support-8540
Balance point support-8500/8510
Long term Resistance-8650
Long term 2nd Resistance-8740/8870

Note-This above is my personal view for Educational Purpose only.Read Disclaimer.

Nifty Gann EOD update

As per 24th Dec 2016 analysis report,Elliot wave target was 7870/7890 and Death

 Zone(Potential Reversal Zone) 7830-7870 .

Nifty exactly taken support from 7890 made low 7892.

As 8000 level was good support for long term,Nifty reverse from that zone.

What's now?
Now Nifty long term strength test zone is 8500-8530,nifty made high 8457 almost near to that zone.
Nifty almost test one short term support at 8370 on 13rd Jan 2016 and closed above that.

Level to Watch----

Short term support-8350/8300
Long term Strength Test-8500/8530
Long term Resistance-8650

Note-This above is my personal view for Educational purpose only.Read Disclaimer.