NIFTY SPOT VIEW-31ST AUGUST 2012

8/30/2012

Market Update

Again nifty gave respect to Gann price pressure level also I has been told in my previous blog that there is no worry until and unless broke the level 5240 cleanly, no change of view. All ultimate, smart and master intraday trader got windfall intraday profit by long position in nifty.

Why nifty got strong support around this level because this is the support of Gann angle and accuracy tell the market.

Resistance are remain same-5435-5505 and support stand for-5240-5170-5105.

1^st pressure date for the month of August is 20^th August 2012 (accuracy +/- one day).

STOCK ALERT:

Now axis bank support is-985 and resistance are-1045-1065.

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