Tuesday, September 15, 2015

NIFTY -BANKNIFTY Technical View 15092015

MARKET VIEW 15092015:
NIFTY:
Yesterday BNF Clearly Out Performed NF
As BNF Remained Above 16419 And Did Cross 16800 And Even Closed Above It While NF Did Cross 7880 But Failed To Close Above 7880
Still A Good Bullish Candle On EOD Chart
With Slightly Weakened H&S Structure NF Must NOT Trade Below 7807 And Especially Below 7760 For Today
A Close Above 7904 Will Be The Best Thing For Bulls
INTRADAY NF CHART:
BANKNIFTY:
For Today And Tomorrow We Have Clear Levels For A STRONG Move On Either Side
As BNF Closed Above 16800 It Has Opened Up Further Up Side Targets Like 17088 And 17200 And A CLOSE Above 17200 Will Bring In Some Good News For Bulls
An Hourly CLOSE Below 16510 Will Most Probably End The On Going Corrective
As At 16510 We Have Important Low And Also A Trend Line Support
BNF 30 MINUTE CHART:


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