iCharts Discussions

[shashangan]

Nifty may possibly gap down around 4216 by monday morning, & continue down to next supports around 4107-4093 & 4040-30 by tuesday Spot basis, from where you can expect a correction back to 4190, 4267 & 4315-25 by thursday friday, before the next major fall towards 3900 & below by 1st week of Aug If i am not wrong.

I expect mkt to touch 3747-37 & 3658 before 20th of August & possibly between 3565-50 my projected target before sept 12th

Upper side reversal stops above 4565 & 4685 spot basis (Unlikely)

The next lower supports could be 4095, 4040-30, 4002, 3980-60, 3848, 3747-37, 3658, 3617, 3606, & the major solid bottom support 3556 & 3554.

The above resistance levels Spot basis would be *4262-67*, 4296-4304, 4315, 4344, 4369, 4402, 4450, 4530-35(good resistance)

i mention this is my personal view, kindly check with me before you do any entries based on my view. The mkt trend can move on terrorist attacks, other sentiments, political crisis, oil, asian mkt sentiment. Kindly keep caution. i could be wrong. Do very small scale trading, Play mini if you dont want to risk, or stay out.

Good luck,
Gautham Shashangan

[eagleseyes]

thank u sir.. wish we could have a look at a chart or something else to support the view

[jagannathpadhi]

[shashangan]