TECHNICAL VIEW FOR 26112015:
NIFTY:
Such A Tight Range Of Nifty Make It Extremely Difficult To
Predict The Next Move
Selling Pressure Continues When Ever NIFTY Tries To CROSS
7870-7880 Zone But Still Bears Are Unable To Breach 7819 DECISIVELY
There Was A Panic Low Of 7807 But NF Quickly Started Trading
Above 7819
We Will Have A Big Day Soon
Go Long On An Hourly Close Above 7880 And Go Short On A 15
Minute Close Below 7806
Settlement Day Can Be Volatile So If After Closing Below
7806 NF Trades Above 7837 Another Turn Around Will Be Possible
BANKNIFTY:
17120 And 16960 Has Been The TRADING RANGE For BNF
We Rarely See Such A Small Range For BNF So Expect A 500-700
BNF Move Very Soon
The Last Few Days PRICE STRUCTURE For BANK NIFTY On EOD
Chart Can Confuse Any One And A Positional Trader Must Wait For A Decisive
Close At Least On An Hourly Basis
A 15 Minute CLOSE Below 16960 Will Be Enough For BNF To Drag
Down To Around 16870-16810 Levels
While For The Up Side BNF Should Trade Above 17122 For A
Possible 100-150 Points Up Move
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