IMPORTANT NIFTY LEVELS WATCH FOR 12/04/2016

Important Nifty levels watch for 12 April 2016 –

Support 1 (S1) – 7590

Support 2 (S2) – 7540

Support 3 (S3) – 7520

Resistance 1 (R1) – 7690 to 7695

Resistance 2 (R2) – 7730

Resistance 3(R3) – 7765 to 7777

Nifty will be strong above 7650 for the target of 7690-7730-7777-7800.

Any dip at or near 7610 to 7620 should be used as an opportunity to buy.

Nifty will be weak below 7590 for the target of 7540-7520.

It seems that Nifty has found the lower range it was looking for at 7500 and now should go upwards to test the earlier swing high of 7777.

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