TECHNICAL VIEW FOR NIFTY & BANKNIFTY FOR 01102015:
NIFTY:
Finally NIFTY Out Performs BNF And Even CLOSES Above 7900
Those Readers Who Does Pay Attention To My Day To Day
Technical View Must Have Gone Long As After Around 2Pm Yesterday There Was Very
Good Up Side Momentum In NIFTY
NIFTY Opened With A GAP But Struggled For Most Of The Day
Time As BNF Under Performed But The Late Surge Gave A Clear Message That The
SHORT TERM TREND Is Also Turning Up
Now Our Stop Is An Hourly Close BELOW 7800 And Every Dip
Is A BUY Now With Targets Of 8021-8055-8091 And Expect Sharp Up Side Once NIFTY
Closes Above 8091
A Few Stocks Are Also Buy On A Dip With NIFTY STOP @7800
They Are SIEMENS ,WOCKPHARMA,INFY,AB NUVO,LIC H FIN ,AUROPHARMA ,HDFC
BANK,ASHOK LEYLAND,JK LAKSHMI
NIFTY EOD :
BANK NIFTY :
BNF Was a Laggard
Yesterday But Since NIFTY Has Crossed An Important Resistance One Would Like
BNF To Rally Today
BNF If CROSSES 17410/17461 One Can Expect 17660 And An
Hourly Close Above 17660 There Will Be Some Very Good Momentum In Selective
Banking Stocks Like HDFC BANK /KOTAK And INDUSIND BANK
Looking At INTRADAY Chart For A Caution BNF Must Not Trade
Below 17180-17085
Short Term Targets
For BNF Are 17876 And 18185
Intraday Chart BNF :
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