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.

Nifty Uncharted territory EOD support and Resistance

As per previous report support of Balance point 8830 respected and resistance of 9024

and all time high(9119) achieved with Gap up.

Now going ahead,Nifty will face next Resistance cum Reversal zone 9200-9260.

Level to Watch with bit cautious!!!

Immediate Support-9030

Resistance 1-9180-9210

Resistance 2-9260-9290

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

Nifty EOD Analysis

As per previous and 31st January report Nifty Reached the Termination level of 8950 made a High of 8982.

So cautious stance upto breakout of 8982 or resilience at support to enter the for next trade.

Now Level to watch as follows...

immediate support cum 1st Balance Point-8830

Next support at 8700-8740.

Resistance-9024

Resistance2-All time High

Note-This above is my personal views for educational Purpose only.Read Disclaimer on top right.

From PRZ Nifty Achieved 1000pts & Nifty EOD Analysis

As per the previous report,Nifty Achieved our 2nd resistance 8870 made a high of 8885.

When Nifty at 7985,Published in 24th Dec report that Potential Reversal Zone(PRZ) was near 7870.



From that  Nifty almost achieved 1000points!!!

What's Now?

Now short term support at 8700.

Long term support at in between Balance Point 8500 and 8700.

Resistance at 8950 and so on....will update latter.

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

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.