Monday, November 16, 2015

WEEKLY CHART BOOK

TECHNICAL VIEW FOR THE WEEK 16112015:

NIFTY:

NIFTY Continued To Move Down Wards Proving A Clear Indication Given Here Correct
I Wrote Once NIFTY Breached The All Important Trend line That 7900-7700 Will Come Very Soon
7700 Can Give Some Support Especially Considering Oversold Indicators On Both Weekly And Daily Charts

7937 Becomes A Very Important Level For Next Week

Some Smart Recovery Will Be Seen If NIFTY Manages A CLOSE Above 7937



Some Positive Move May Happen If NIFTY Closes An Hour Above 7819 Watch  7819 On EOD Closing Basis Also And If After Closing Above 7819 NIFTY Again Closes Below 7819 We May See Levels Below 7700 Too

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