MARKET VIEW 090915

MARKET VIEW FOR 09092015:

NIFTY:

A CLOSE ABOVE 7726-7754 IS THE FIRST CONDITION TO HAVE A MEANINGFULL UPSIDE WHICH MAY                                                                                                                   HAVE BEEN INITIATED TODAY AFTER THAT 13 DAY EMA --NOW AT 7866 AND 7964 CAN BECOME FIRST NIFTY TARGETS

From Intraday Charts I Had Given A NIFTY Buy If NIFTY Was To Trade Above 7623 And More Above 7682 Nifty Did Trade And Closed Above Both Suggested Buy Levels

So We May Have A SHORT TERM Bottom In Place With NIFTY Low At 7539 And Here Is A Chart Presented With My View A Few Days Back Wherein A NIFTY Target Of 7538 Was Given

BANKNIFTY:

For BANKNIFTY 16100 Was A Primary Target And I Had Drawn AN IMPORTANT PRICE ZONE For BANKNIFTY And Posted The Same Chart With My Views For Quite A Few Days

 Also In My WEEKLY CHART BOOK I Posted A WEEKLY CHANNEL For BANKNIFTY With A View For BANKNIFTY To Have A STRON SUPPORT Around 16100

Here Are Both These Charts With Fresh Comments