Nifty50 Elliot wave and Gann levels Weekly update

Please read previous post for more details.

As expected Nifty50 taken support from 10500 from medium term support level,made low of 10440 approx.

Now weekly resistance at 10870/10940,if cross decisively then next
resistance will be 11050.

levels to watch!!!

Short term support-10700

Medium term support-10500

Short term Resistance-10870/10940

Medium term Resistance-11050

Note-This above levels are my personal view for educational purpose.Please read disclaimer.

Nifty Gann Analysis EOD update

Resume......Restored the Blog

Dear All,

If Nifty50 sustain over 10500 then next short term Resistance are 10780 & 10870.

Weekly Resistance are 10870/11000/11240.

Probability are Nifty50 find resistance @11000-11240 then find next course of action.


Levels to Watch!!!!

Near term support-10500

Near Term Resistance-10870

Medium Term support-10500

Medium Term Resistance-11000-11240

Note-This Above levels are my personal view for educational purpose.Please read disclaimer.

Nifty Weekly Reviews with Cautious

As expected Nifty taken support from PRZ 10090-10060 with low of 10124 on 23rd oct 2017 and achieved our 2nd resistance 10450.

Nifty almost reached 10250 against the short term support of 10230 and bounce back.

Now 10400 act as resistance and 10230 as support for next round up movement.

Again previous PRZ(potential Reversal Zone) of 10060(+-30) should act as Medium term support cum PRZ .

Levels to Watch!!!

Immediate support-10230

Medium term support cum PRZ-10030

Immediate Resistance-10400

Next resistance 10650-10700 (above 10600 with cautious approach)

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

Nifty Expected Bounce from PRZ EOD Analysis?

Again Nifty 50 taken support from medium term support of 9700 and trade above Balance Point Level 9920-9960.

The above Balance Point level 9920-9960 should act as strong support for Bulls below that Bears takes control.

Now Immediate support zone 10090-10070 act as potential reversal zone of current trend and should be arrested to resume the trend.

Level to Watch!!!

PRZ support-10090-10070

Balance Point support-9960

Immediate Resistance-10160-10190

Next Resistance-10325-10450

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

Nifty EOD update

As per 11st Aug and 4th Sept report Nifty taken support from medium term PRZ and achieved new all time High.

Now Again this time also Nifty breached that 9700 level bears are in control as long as price is below 9920-9960.

Bears will get more momentum if Nifty consecutively close below 9700.

Level to be watch!!!

Immediate support-9700

PRZ-9600-9624 & 2nd support-9550

Resistance-9920-9960

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

Nifty Balance Zone Reaction

As per last report,medium term support was 9700 Nifty made low of 9685 and achieved upto 9985 approx against our 2nd resistance zone of 9975.

Now Nifty 50 is in balance level for next reaction and 9890-9920 may act as balance point for to and fro.

Level to be precise???

Support -9890-9920

Long term support-9625/9460

Resistance-10025/10060

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

Nifty 50 EOD support,Resistance & PRZ

Nifty 50 approaching to medium term support of 9700,if holds then we should expect 9920/9975 and next to new high .Next long term support is at 9510/9490.

Level to be Precise!!!

Immediate short term support-9790

Medium term support/PRZ-9710/9730

Long term support-9510/9490

Resistance-9920/9975

PRZ-Potential Reversal Zone.

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