Dated :- 02.07. 2017                                 NIFTY SPOT : 9520.90

                                                                                                         

Hi readers,

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

Nifty was weak and was expected to come down and it came down.

Nifty made a low of 9448 and closed at 9520.

Readers of the blog would have enjoyed the fall.

Now What :-

Now for the coming week the charts setup is such that a good movement is expected.

The move is expected to be on the downside and below 9472 the downside momentum will be more.

In the coming week we expect Nifty to make a good full body candle on weekly charts and charts are saying that for the coming week it could be on either side.

But one important thing I would like to Caution here to the readers, that is Nifty has made such a pattern on different time frame charts that in the coming day or two if Nifty stays above 9585 for some time then it may surprise.

Because that is the point from where the short covering may set in.

And if by chance in the next two three days Nifty gives any gap up opening and sustains that gap than be watch full because this is the location where that gap up has its significance and may prove to be an important gap to help Nifty to go up.

Note :-  all the gaps are not important. It is the location and technical setup which give indications that which gap is important and which is less important.

Trade accordingly.

 Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.