AshishChauhan_AlgoTrader

NIFTY- will it break Upside or Downside??- Part 7

NSE:NIFTY   Nifty 50 Index
Nifty had given a close at very important level after falling from the level 8128 which we mentioned here in our published idea. A good fall had been seen in nifty in the last week from 8128 to this week close 7991.
Now what next??
Nifty closed at 7991 which is a very good close for the bounce back, as there is another support near the level 7968. If it bounces from these level we can see a small upside till 8100-8110 range from wher it will become again a sell if do not break it.
Now on downside if it breks the level 7968 then we can see a fall towards the level 7916. breaking that also we can see 7854/7803 levels.
SO, for next week
levels to watch- for above 8000 and for below 7968
Upside level we can see- 8042/8100-8110
Downside level we can see- 7915-7920/7850-7860/7800-7810.

Trade active:
Nifty made 7895....at our sell range now 7915-7920...
Comment:
Nifty feeling the resistance exactly at our level...just watch can move more down....
Comment:
What a comeback of nifty from our levels on dot. We mentioned "Upside level we can see- 8042/8100-8110" on weekend. Nifty back exactly from there.

$~ac~$
Ashish Chauhan,

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