This blog is intended to help investors to understand the level of nifty and bank nifty to make profits and go in right direction.
The support and resistance numbers are so accurate that you can make good returns if you are a disciplined trader.
For example when I say 10437 was a acting as a big wall, if you would have taken PE or sold nifty futures you would have easily made 200 points in this week.
Cues for next week:
Nifty has not breached previous week low, but has surrendered all weekly gains and closed @ 10238, just 100 points above 10155. This is not a good sign. Now the range is 10155-10384 for this week. Breaking high or low will witness +/- 150 points.
Bank Nifty future closed at 24635, holding the crucial support at 24600. It is a slender lead. Now the range for this week is 24400-25100. Breaking any of these levels will witness 300 points +/-.A
Alert: Do not go long in this market. The situation is not conducive for bulls. IT IS SELLERS' MARKET!
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