Fwd : nifty is up 100 points from our DEMAND ZONE..

Published: Wed, 04/22/15

Hey ,

Hope you remember my email sent to you on 20th APRIL 2015 : Nifty is down 150 points..What Next ??

Below this email you shall find the Original Email or click here to Recall :-)

If u remember in this email I had clearly mentioned 8360 - 8385 as the DEMAND ZONE

In today's trade with tested the DEMAND ZONE and made a HIGH of 8480 and Closing at 8467

Its 100 points UPMOVE from the DEMAND ZONE - SO IT DID WORK !!

Hope my Technical Chart Reading was helpful to you ??

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Sent Monday, April 20, 2015

Hey ,

NIFTY went down 150 pts and closed at futures closed at 8469. WHAT NEXT ??

If u want to SELL or BUY NIFTY at these levels just see the broader picture over here - Click here


** Click here of the Image doesn't loads. Click here to Enlarge.

Normally I don't send these Charts but as there are many budding analyst and traders getting my mails I though this would be helpful for you

The Following Point need to taken note here :

This is the Nifty Futures 4 hr Charts and above Supply Line as a Valid Supply Zone as its has acted as resistance for more than 2 instance.

The above Demand Line is a Valid Demand Zone as it has acted as a support for more than 2 instance.

Nifty Closed at 8469 (fut) on 20th April and we see the demand zone at 8360-8385 which is still around 100 below from the close.

This Demand Zone will also be very crucial for 2 reason as it shall also be the Lower Level of the 20 days Bollinger Band and
the RSI of 2 days has also gone below 10 levels which means this zone will help NIFTY to BOUNCE BACK

If you are planning to GO SHORT or LONG in NIFTY kindly make use of these levels....

U may book Partial Profits at these levels or go Long at these levels with a Small Stoploss :-)

If you want me to send such Technical Outlooks in days to come do let me know..??

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