MARKET VIEW FOR 10092015:
NIFTY:
Yesterday I Wrote This Here,
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
Nifty Did Everything In A Single Day It Opened With A GAP
Above Our Levels And NF Did Touch 7865 Precisely Before Closing At 7817
Supply Has Been Seen From 7866 Still We Have A Nice Positive
Close Above A Few Earlier Lows And With A BULLISH GAP Which Now Becomes A Good
Support And For Near Future A CLOSE BELOW This GAP Is Our STOP For Bullish
Positions
In The Process Of Forming A HIGHER BOTTOM On Intraday Charts
If NIFTY Comes To The Level Of 7752-7734 And Does Not CLOSE Below 7700 It Can
Be A Good Buying Opportunity Again
A Sustained NF Move Below 7700 Will Probably End The Two Day
Rally
BANKNIFTY :
BNF Underperformed NF Yesterday And Even Though Closed With
A BULLISH GAP BANKNIFTY Could Not Close Above Our Levels
This Was My Comment About BANKNIFTY Yesterday
'' BANK NIFTY Has To CLOSE Above 16607-16670 To Have A
Probable Up Side Of Up To 17088 As One Target If This Does Not Happen Soon The
Down Move Can Again Resume''
BNF Just Managed To Close At 16604
16414-16318 Are Two Support Levels For BNF And If
It Sustains Below Them It Will Open Up Further Down Side
Watch An Hourly CLOSE Above 16670 Today Or Tomorrow For
Further Up Side
BNF 30 MINUTE CHART:
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