Nifty Gann Levels 24-28 Oct 2016
This week Nifty is going to complete an important & a major time cycle.
From 28th October to 5th November.
We may see wild movements during this time range.
A close above 8737 will open the gates for next
zone of 8860, 8795, 8831, 8952, 9010.
Major support levels are 8653, 8616, 8579, 8506,
8447-34, 8387, 8341, 8250, 8159, 8070.
Major resistance levels are 8795, 8624, 8682, 8710, 8759-61, 8831, 8952.Only a close below 8510 will open the lower gates for Nifty.
All Credits to "DPK"
Weekly View BankNifty & BharatFin (24 Oct 2016)
Above chart shown is of BHARATFIN (sksmicro)
Stock is facing strong Resistance at around 930 & 940
So if breaks 940 and closes above this level……….
Then rally is expected till 975 & 1025 levels!!
Stock considers supports at 892 & 863 levels
Fellow traders closely watch @ 940………..!!
This is Banknifty Future
Banknifty Future this week Trend Decider Levels are 19905 & 19500
BNF facing Resistance @ 19905………
So if breaks & closes or stays above this level
Then rally is expected up to 20195 & 20350 levels
Suppose if there is selling pressure at higher levels
Then we Can do shorts with stop-loss of 19905 at closing basis!!
BNF consider support at 19500………..
Below this level Panic selling will be expected
So Traders closely watch trend decider levels of 19905 & 19500
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