A CRUCIAL BREAK DOWN

TECHNICAL VIEW FOR 09122015:

NIFTY:

NIFTY Opened With One More Gap Tried To Recover But In The Last Hour Sell Off CLOSED Below 7725-7714 Zone

7800 For NF And 7771 For NIFTY Becomes An Immediate Resistant Now Or If The BREAK DOWN Is False Today NIFTY Have To CLOSE The First Hour Above 7725

For Some Real Up Side Corrective NIFTY Will Have To Close Above The TREND LINE Shown On The Chart

If This Happens We May See Some Corrective Just Because Of Extreme Over  Sold Indicators But Dont Get Surprised If NIFTY Straight Away Reaches 7610-7554

NIFTY EOD:

NF Today Has Targets / Supports At 7682 And 7648 So Watch How NF Behaves At These Two Levels

BANK NIFTY:

16600 Has Been Our Prime Target And 16200 Next

I Had Posted An HOURLY CHART Of BNF A Few Days Back Showing The Up Move In A BEARISH CHANNEL Resulting This Down Move

This Channeled Move Too Gives Us Targets Of 16352 And 16045

A CLOSE Above 16934 /17039 Can Again Reverse The Very SHORT TERM TREND Else We Should See Down Side Targets Very Soon

BANK NIFTY:;