The name Hawk Eye scan III for medium term perspective for Nifty 50,as Nifty 50
closed above 8250 level third times in this month.Now you may interested to know
the medium term path.
As discussed analysis report last month on 18th may http://niftyintune.blogspot.in/2016/05/nifty-50-medium-term-gann-analysis.html ...
As the name Hawk Eye scan, Now watch closely the level 8210 for Nifty.
If Nifty sustain and close above 8210 for consecutive day then chances are cross
the cluster resistance upper level 8270 to reach at PRZ 8320-8330/Zoom Target 1(8420).
If Not the case-I then Below 8130 level,Nifty may drag ...
As Discussed in last analysis report that Nifty should respect 8047/8030 level for next
up-move and Zoom Target.Also mentioned that 8130-8150 as Trend Reversal,
Yesterday and today Nifty respect that said price level and Good bounce today
closed above psychological level 8200.
Read Previous Report ...
Banknifty has strong support of 17500. Banknifty closed below cluster support of 17600.If BankNifty will close below 17500 may heading towards 17200. BankNifty intraday resistance at 17750. To remain in bullish trend for Zoom Target(?) BankNifty should respect 17500.
Now intraday support is at 8190-8145 and Positional support at 8100-8090.
As 6th and 7th is the Potential Reversal Day be cautious on long.
Resistance at 8250-8260-8270/8320-8327 above that Zoom Target(?).
Read Disclaimer and details of Performance ...
As per Gann Analysis Nifty now at Markup Phase of a next Zoom Target (?)
Resistance of 8250-8260-8270 and Resistance at 8320-8327.
Nifty Support at 8100-8060-8000.
Read Complete Details and Disclaimer at http://niftyintune.blogspot.in
Yesterday Report"s Target was 7965 and 8100 Nifty High made 8082 .
We are short 20 points from our 2nd Target,almost Achieved.
Now Nifty at Resistance of 8100 at every 25 points up upto 8150 and 8200.
i.e 8100-8125-8150-8200,support at 7980.