Saturday, May 16, 2020

NIFTY 50 RANGE (SUPPORT AND RESISTANCE)

NIFTY 50 RANGE (SUPPORT AND RESISTANCE)




NIFTY RANGE :   SUPPORT AND RESISTANCE

NIFTY UPPER LEVEL OR SAY RESISTANCE ARE : 9210----9271----9384 

NIFTY LOWER LEVEL RANGE : 9030 , 8850 
But at 9000 you see the power house number which is strong magnete means 9000 is act as strong support  and so if market is going to be down below 9000 then it recovers and reach at 9000 further.
Now if market goes down below 9000 in day then chanses of market back to recovers near to 9000 .

Market required strong negative news and gap down closing is appeared then probably market going down very fast towards 6500. Becoz in power house number it is between 4000 and 9000 mid point and power house theory says market support near mid point which is 6500.

But it is not time that to reach 6500 it's take time spend near 9000 power house number becoz 9 is the cosmos biggest strong cosmos number.

Nifty goes near 6500 but it's take time but it probably very high that goes near 6500.

But market spends more  time near 9000 then the nifty  support is going to be up gradually means nifty  up  support at 7500 ,8000,8500,8800.so wait and watch.



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