Update on Nifty Spot

Nifty Close or sustaining above 10613 will be good for tomorrow as it has come out of a falling channel. 10650 plus close and sustenance is the main challenge.

Update on Nifty Spot

10614 plus nifty spot stronger.

Intraday 26-4-2018

Nifty Future (Bias - Positive) 


Weak Below / Strong Above 10553.  


Banknifty Future  (Bias - Negative)


Weak Below / Strong Above 24755.  

Nifty Spot EOD 25-4-2018

40/43 days fall is now being retracted and we have completed 15 days from our chart completion bottom.  We can assume Nifty has completed the a-leg of this up-move near 10638 and formed a double top resistance.  Now history shows us 3 weeks of consolidation near 10600-10650 zone before the fall down to 9950(Approx) so we can expect 2/3 weeks of time spending near the zone.  The Monthly higher low is also pending for Nifty for the Month of June. 10400-10450 huge support and 10600-10650 is huge resistance and some time spending is needed in the zone. the unconfirmed b-leg correction can take 13 days or more like first a-leg up