TECHNICAL VIEW FOR 04112015:

NIFTY:

NIFTY Opened At 8086 Made A HIGH Of 8100 And CLOSED Back At 8060

I Had Suggested 8088-8100 As The First Resistance Zone

Watch 8100 For NIFTY In The First 15 Minutes Of Trades If Markets Opens Higher On The Back Of Global Cues

If NIFTY Sustains Above 8100 (NF Above 8129) Then We May See Levels Like 8130-8166 And NF Can Attempt At 8144-8183

8000 Remains Important Support For Now

NIFTY EOD:

BANKNIFTY :

BNF Should Sustain Above 17460-17508 For FIRST 15 Minutes Of Trades Today To Have Further Upside

A Decisive Close Is Required Above 17565 To Possibly Resume A New Uptrend

A CLOSE Below 17320-17200 Will Surely OPEN UP Further Down Side

BANK NIFTY: