Dated :- 20.12. 2015                                 NIFTY SPOT : 7761.95

Hi,

Readers,

Nifty moved exactly as was mentioned by me in my blog dated Dec 13, 2015.

Wherein it was mentioned, that, I will not be bearish at all for next week and as per my analysis Nifty will either Rebound or go into a range. Nifty is not interested to go down because indicators were saying that Nifty wants rebound.

Same happened, Nifty rebounded more than 300 points from the low of 7751and made a high of 7852.90 in that week itself.

I hope readers would have enjoyed the Nifty’s rebound.

It was not easy to write such things clearly, that, Nifty will not go down run through when most of the traders are looking for breakdown of Nifty and news flows are only and only bad. It requires confidence on the studies and detailed analysis before writing those things.

Now What :-

Now it seems that Nifty wants to spend more time in the range.

There are two ranges developing, one smaller range is 7650 to 7850 and the other is 7454 to 7940.

Now the point is how and what to trade. One can take care of the following levels, If Nifty stays below 7715 look for lower levels in Nifty. Between 7720 to 7802 no trade zone. And above 7808 Nifty will be inclined to move towards upper level of the ranges mentioned above.

Trade Accordingly.