NIFTY SPOT VIEW-23RD JANUARY 2017

1/22/2017

After few days consolidation nifty changed the short term minor trend but short trade is not suggested, so wait for long opportunity.8180 will react as a major support for nifty and resistance stand around 8460.All major trend are now up, so buy on dips will be trading strategy.

So watch resistance around-8460-8530-8570 and support stand around-8370-8344-8313-8180.

Gann pressure, dates for this month around-1^st ,6^th ,11^th -17^th and 23^rd and 30^th January 2016.

nifty

CRUDE OIL UPDATE: 23rd January 2017

Crude oil make a double bottom on daily chart it is a bullish pattern. Above 3670 a long trade will trigger in Crude oil,I think oil will touch the level 3800 level soon, if it is able to manage the recent low.

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