NIFTY VIEW

Dear friends, here I am going to 

make my view on NIFTY SPOT strictly 

for learning purpose not for trading 

and inviting views of my learned 

friends for purely as a STUDY 

purposes. I makes my analysis one 

and only on PRICE ACTION and never 

using any indicator or theory/study. 

From a LOW 5118.85 on 28 August, 

2013 to the HIGH 8626.95 on 4 Dec., 

2014, NIFTY made HIGHER HIGH and 

HIGHER LOW and never breached the 

previous swing low.

Let's take the 

LOW on 28 August, 2013 as 5118.85 

and rallied to the level of 6415.25 

on 9 Dec., 2013 and corrected to the 

level of 5933.30 on 4 Feb., 2014 and 

then again rallied to the new high 

to 6869.85 on 25 April, 2014 

and 

then corrected to the level of 

6638.55 on 8 May, 2014 and again 

rallied to new high to 7563.50 on 16 

May, 2014 and then corrected to 

7118.45 on 30 May, 2014.

 Again 

rallied to new high of 7840.95 on 25 

July, 2014 and then corrected to the 

level of 7540.10 on 8 August, 2014. 

Again rallied to new high of 8180.20 

on 8 Sept., 2014 and corrected to 

the level of 7723.85 on 17 Oct., 

2014 and again rallied to recent 

high of 8626.95 on 4 Dec., 2014. So 

now the ROCK BOTTOM for Nifty spot 

is 7723.85 and a STRONG SUPPORT is 

7840.95 which was a SWING HIGH on 25 

July, 2014. In view of this, I would 

BUY Nifty at the level of 7840 with 
a strict stop loss of 7723.85 and 
for a TARGET (Measured move target) 
of around 9400. Have A Great Weekend 
My Friends.

SENSEX VIEW DEC 15

DEAR FRIEND

SENSEX  SUPPORT 27200 AND 26500   STRONGLY BUY AT 26500 LEVEL  SL 26400 CLOSING BASE

I THINK  SENSEX OVERSOLD ZONE BUY  NOW THIS LEVEL


SENSEX STILL TRANDE IS UP  ONLY 25900 BROKEN THAN TRAND IS CHANG   BUT BE CAREFULL AT HIGH LEVEL