Nifty Life Time High EOD analysis

As per previous two analysis nifty resit from 9220-9290 and have taken support from

near Balance Point zone 9030.

Nifty taken support from 9019 and 9075 after resit from 9218 and 9273 respectively

in line with our said Resistance level 9220-9290.

Now nifty closed above 9290.So Nifty may try to reach next Resistance  zone of

95xx,97xx in medium term.

Level to watch.....

Immediate support-9260

Immediate Resistance1-9340-9370

Resistance2-9460


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

Nifty EOD Balance point & PRZ

As per previous analysis 9220-9290 short term reversal cum no go area with cautious.

Exactly nifty corrects from 9220 to 9019 in line with our immediate support of 9030

and then bounce upto 9273,again almost inline with our resistance zone upper level

9290 by 20 points short.

Now Balance point shift from 8500-8620 to 8950-9030 as a new support cum

balance Point Zone and PRZ(potential reversal zone).

Level to watch....

Immediate support-9030

PRZ-8950-8960

Immediate Resistance-9200

Resistance 2-9290

Note-The above is my personal view for educational purpose only.

Nifty EOD update

As per Previous report of reversal zone of 9200-9260 with caution,

Nifty corrects from the said level almost 200 points made low of 9019 inline

our immediate support of 9030.

Now nifty consecutive closing above 9170 facing cluster resistance of 9170-9190.

Last report said that cautious approach on long side and same still exists upto 9220-9290.

Nifty already achieved conservative target of 9218 originating from 6825.

Level to Watch with Cautious!!!

 Immediate support-9140

extended support-8950-8890

Cluster Resiatance-9170-9190

Resistance 2-9230-9290

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