MARKET VIEW FOR 16092015:
NIFTY: NF Failed To Cross 7880 Once Again As After Opening
Down NF Attempted To Cross The Hurdle But The Level Soon Attracted Bears And
NIFTY Went Down
Support At 7807 Did Work As NF Made A Low Of 7801 But Could
Not Close Below 7807
We Have A Holiday On 17th And FED Meet Is Also On The Same
Day So We May Have A Lackluster Day After Initial Gap Up Open
NF Need To Close Above 7880-7904 For Further Upside
A Close Below 7807-7700 Will Be Strongly Bearish
NIFTY Is Moving Direction Less These Days So From Charts We
Can Only Have Level Based Guidance
NIFTY EOD 150915:
BANK NIFTY VIEW:
BANK NIFTY Has Again Closed Back Below 17800 As NIFTY STOCKS
Could not Take NF Beyond 7880 on Third Attempt
16520 Is The Level To Watch On CLOSING BASIS For BNF For
Next Couple Of Days
If Today BNF Can Stay Above 17800-17900 We Have Further
Upside Opening Up
A Close Below 16520 Will Be Surely Bearish For Our Markets
For The Short Term
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