Nifty (7803) :
Since last 3 weeks we are telling market and nifty both are in
consolidation phase. This week we will see that is nifty is entering in
new bull phase or still in consolidation phase.
Weekly Nifty Support and Resistance levels :
Resistance : 7840-7888-7910
Support : 7785-7709-7644
Last week we told if nifty is not closing below 7591 means nifty is not on correction side. Last week most of chartists are telling about correction.
As we told we want 2 closing above 7785 in nifty. Lets see what happen. We are not changing our words. above 7785 level with volumes will create new high very soon.
If nifty close above 7840 then we may see 8000 levels on nifty in this week also.
Nifty is having strong support at 7780 levels on closing basis. If nifty closing below this levels means nifty is still stuck in consolidation phase
Use our support and resistance level as closing base only.
Weekly Nifty Support and Resistance levels :
Resistance : 7840-7888-7910
Support : 7785-7709-7644
Last week we told if nifty is not closing below 7591 means nifty is not on correction side. Last week most of chartists are telling about correction.
As we told we want 2 closing above 7785 in nifty. Lets see what happen. We are not changing our words. above 7785 level with volumes will create new high very soon.
If nifty close above 7840 then we may see 8000 levels on nifty in this week also.
Nifty is having strong support at 7780 levels on closing basis. If nifty closing below this levels means nifty is still stuck in consolidation phase
Use our support and resistance level as closing base only.
