NIFTY SPOT VIEW-12TH JULY 2012

Now I am explained why nifty face good resistance at 5345 level, because this level is the anniversary pressure point,and history price pressure point also this is the Gann 2X1 angle down from 5630 level,that is why Gann analysis gave us accurate level for trading.

One week ago I was told that upside rally will not be smooth from here,now see nifty moving according to my analysis path.

No change of level.Think weakness only below 5155 level.Next resistance are 5345-5415-5437 and support stand for-5200-5155-5060 closing basis.

1st pressure date for the month of July is 7th July 2012 (accuracy +/- one day).

Below nifty chart proof all the thing which I have been write.

STOCK ALERT:

Axis bank resistance are-1115-1180 and support stand for-1020-1002.

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