Dated :- 25.09. 2016                                 NIFTY SPOT : 8831.55

Nifty moved exactly as was mentioned  by me in my previous blog.

Nifty crossed 8808 on the first day of the week itself i.e. on Monday itself. It gave full value to the level of 8808 by closing exactly at 8808 on Monday. And then it was all over the place. It was mentioned that once 8808 is crossed it will be volatile and try to trade less as it will be very volatile and same happened.

Now What ;-

Now Nifty is standing at 8831 and it has been contracting for last 8-9 days and moving in small range. Expect Nifty to move around 100 to 150 points in once side in the coming week on either side.

Indicators are also indicating that that now Nifty wants to move on one side. Do not expect this expiry week to be dull one, rather expect it will be action packed week.

Important level to watch is 8781 for the coming week. Consider this level to be pivot point or a line in sand. This level will act as trend decider level also for the coming week. Whenever you find Nifty above 8781 look for buying possibilities and below this look for selling possibilities always again and again on both sides.

On the upside the important levels are 8908, 8968 and 9016.

On the down side the important levels are 8720,8689,8607.

Trade accordingly.

Note :- All Levels are Nifty spot levels always.

A small clarification in the previous when talking of Nifty patterns is was mistyped as Falling wedge pattern on weekly charts it was actually rising wedge pattern. A typing error. It should be read as rising wedge pattern.