NIFTY : A LOW At 8339 and A High At 8429 Was The Volatility
Of The Day And This Volatility Was Expected And Suggested Here Too
NIFTY Opened With A GAP UP Went To 8429.5 And There Wild
Whipsaws Through The Day
Selling Was Suggested From Around 8430 And Buying Above
8376-8396 Zone
Watch For A Sustained Move Above 8440-8461 And We May See
8494 Again
Expect Selling Again From 8461-8494 Zone
A Close Below The SUPPORT LINE Shown On The Chart Will Take
NIFTY To 8200 And Further Down Side Will Open Up
Weekly Close Is Very Important
BANK NIFTY :
For Bank Nifty We Can Not See A Range Like We Have For Nifty
But A Low At 17821 Is Very Crucial Support For Bank Nifty
And Expect This Level By Next Week If Bearish Ness Continues
18555 is the Level To Watch On Closing Basis For Bank Nifty
But A Negative Close Today / Dull Day And We Will Have
Negative Weekly Candle Patterns
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