Dated :- 09.09. 2015

                                                                       NIFTY SPOT : 7818.60

Hi,

Readers,

Nifty took the support of 7515. It touched a low of 7539 and rebounded from their, exactly as was mentioned by me in my previous blog.

It was clearly mentioned in my previous blog dated Sept. 06, 2015 (Sunday) that now shorting in Nifty should be avoided. My analysis is saying that Nifty is ready for rebound and may surprise with its speed or levels.

See, the same happened Nifty rebounded more than 300 points from the low of 7539 in just two days.

Now Nifty is having resistance at 7850 and once it is crossed even 8000 is possible. On the other hand 7700 is first support and after that 7515 will continue to act as major support.

Enjoy the rebound.

Trade accordingly.