ashishchauhan

Nifty whats Next??

Long
NSE:NIFTY   Nifty 50 Index
Nifty followed the levels very precisely in previous week post though it was a budget week but it respected our levels perfectly.

We still believe that Nifty is in Bull phase and we can see some more higher levels after crossing the level 8755. We can see 1 day consolidation on monday before that.
We had marked 3 levels on higher side for up movement which will act as resistance for nifty with +-5 point range and 3 levels on downside which can become support for nifty on any downfall with +-5 point range.
Upside levels for nifty if goes above 8755 are 8823/8894/8944
Downside levels if unable to cross 8755 & comes below 8708 then 8675 will be decider & below it 8600/8547.

$~ac~$
Ashish Chauhan,

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