Currently price is trading well above 7985 layer of key resistance & we're looking for buy entry opportunities using 60min & 15 min intraday charts on it's way up till price arrives 8340 layer of resistance target. In case price retraces back to support area of 7985, it'll be a good opportunity for bulls to […] Read more

Nifty is trading on a key resistance of 7985 & if price is able to sustain above this level of resistance, we may see more higher prices towards 8300 layer of next resistance.Once price starts sustaining above 7985, we'll start looking for buy entry opportunites or else 7680 & 7500 layers of support may offer us […] Read more

On our last nifty update, we talked about buying the index around 7640 & 7600 respectively and finally after failing the first level of entry, price successfully moved up from 2nd level of support-7600 & reached our desired resistance area of prior high 7740.Currently we're seeing nifty testing the old support area of 7600 again […] Read more

The overall bullish momentum in the index is currently in a pause mode for last few days & looks like it's waiting for a pullback correction before it starts it's upward momentum again.In case, price starts a corrective downmove from current level, then 7640-7670 level of support zone will have my eyes to re-enter the […] Read more

On 16.03.2016 chart update, i discussed a buy entry on the nifty's ongoing range bottom around 7420 & finally we've seen price up moving up pretty strongly from the level after making a low around 7405.As discussed in last post, price managed to hit the target resistance of 7580 too as soon as market opened […] Read more

After a large move up from 6825 level, recently nifty has been going through in a consolidation corrective phase between 7420 to 7580. Currenntly price is testing the consolidation range bottom coming as a range around 7420-7450 & we're looking for buy trades here on this support zone to trade inline with overall bullish strength.In […] Read more

Aftre a strong pushback up from 6825 level with a false break of prior swing level, nifty shot up strongly towards 7244 area of resistance & change of trend area & without a halt/pause price continued it's momentum towards next layer of resistance with more strength towards next layer of resistance which is 7600.Looking at […] Read more

Price has been trading in a bearish equidistant trend channel for last couple of weeks & currently price is trading near to it's high of the channel.Interestingly the high of the channel is confluenced with a key flip resistance level of 7600 which makes this area of resistance more stronger.Overall 7600-7700 layer will be considered […] Read more

Below are the nifty support areas to keep an eye on in coming days.Currently nifty is trading below supports 1(7550) & 2 (7440) & heading towards it's next support level-3  (7120). We'll build-up short postions around 7440 as discussed on JAN-19 update as the same level is now flip resistance.So, trade breakouts move as well […] Read more