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.
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.
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