Nifty Balance point support & Resistance

Nifty important support and Resistance are cited below.
  
Level to watch!!!

Support cum down trend confirmation-9540

Support 2-9385

Resistance cum Balance point-9630

Resistance 2-9720/9800/9920

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

Nifty EOD Balance Point Zone analysis

As per last report stated that some juice left until 9340/9300 taken out or breached.

Exactly Nifty made low of 9340 and bounced from there breakout the cluster resistance 9550 and achieved 1st resistance 9585.

Our second resistance 9710 almost done today.Now due to complexity of Elliott wave fractals originating from 7893 already stated,All minimum targets has been achieved ,over bought and some divergence,Balance point zone may play a vital role for next to and fro. 

Now focused should be on the Balance point Zone 9600/9630 form where it will take it next course of action.Above 9720 we should expect 9800.

Level to watch!!!

Balance point level cum support-9600/9630

Resistance-9800


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