TECHNICAL VIEW FOR 081015:

TECHNICAL VIEW FOR 08102015:

NIFTY:

NIFTY Continued Its Up Move Ignoring Selling Pressure In IT Giants Like INFY And TCS And Also In A Few Banks Like AXIS/YESBANK

NIFTY FUTURES Can Swiftly Move Towards 8273 Level If It Can Cross 8221 In Today's Trades

We Will Use A 30 Minute NF Chart To Have A Closer Look At The SHORT TERM Trend

One Can See A Small Channeled Up Move So The Lower End TRENDLINE Is A Very Important Support To Watch

8142-8105 Are Two SUPPORTS /STOP & REVERSE Levels For NF For Coming Days

NF 30 MINUTE CHART:

BANKNIFTY:

BANK NIFTY Futures Continues To Under Perform NIFTY

BNF Has To Move Beyond 17821 And Even A 15 Minute Candle Close Above 17821 Will Take BNF To Higher Targets

We Have A Couple Of Critical BNF Levels For Coming Few Days If BNF Still Remains Below 17821

17542 -17490 Is A Very Important Support Zone For BNF And Below This Zone There Is A Gap Support At 17356-17205 Below Which BNF Will Enter In A Possible Short Term Down Trend

BNF HOURLY CHART :