NIFTY VIEW FOR 02092015:
I Wrote Yesterday In Very Clear Words
'' Today NIFTY Has Supports At 7921/7904 And
Resistance At 8069/8125 On Either Side Of These Levels We Will See A Big Move
In few Days''
Also On the Chart Presented My Comment Was '' THERE IS NOTHING BULLISH IN THIS LAST FEW
DAYS MOVE FROM 7667 ''
Yesterday NIFTY Opened At 7921 And once 7904 Too Got Broken
There Was Continued Selling Across The Market And NIFTY Made a LOW At 7750
Before Closing At 7792 And Closing With Strong Bearish Candle
Low Of 7750 is a 78.2% Retracement Level Of Last Up move
From 7667 So If NIFTY Can Move Above 7856 We Can See Some Up move
On the Down Side 7710 /7667 Can Give Some Support But In
MOST PROBABLE Scenario We Will Seen NIFTY Levels Like 7538 /7379
NIFTY EOD CHART:
BANK NIFTY VIEW FOR 020915:
For This INDEX Too My Comment On Yesterday Was Very Clear
"' For BANK
NIFTY It Seems Very Clear That Bears Have Sold Every Bit Of Rise In It
Once Below 16884 Bears Will Again Have Full Control Here''
As BNF Tanked Below 16884 There Was No Hope For Bulls
BNF Has Closed Below Its Recent Low Made On 25Th August We
Shall Expect 16100-15900 Zone For BNF Very Soon
17046-17128 is New
SUPPLY ZONE /RESISTANCE For BANK NIFTY And One CAN GO LONG Only If We Get An
HOURLY CLOSE Above This Zone
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