TECHNICAL VIEW

TECHNICAL VIEW FOR 30122015:

NIFTY:

NIFTY Continued It Up Ward Move And Closed Above 7915 For Two Consecutive Days

But 7960 Is A Resistance And We Have A PROBABLE Topping Pattern Called '' A DOJI '' On Both NIFTY & BNF Eod Charts So Caution Is Advised Now

8000-8034 Still Possible But NF Has A New STOP At 7889

A 15 Minute CLOSE Below 7889 Will Bring In Sharp Down Move For NF

NIFTY Closing Below 7902 And 7888 Will Be  Bearish

NIFTY EOD:

BANK NIFTY:

A Target Of 17038 Was Given A Few Days Back For BANK NIFTY And It Was Reached Yesterday

Expect Volatility As Settlement Closing Coming Up

17125 Is Next Target & Resistance For BNF

BNF Closing Below 16886-16865 Zone Will Be Bearish And BNF Can Come Down To 16730-16600 Again On CLOSING Below This Zone

A DOJI Candle Pattern On BANK NIFTY Chart Too Which Suggests A TOP May Be Nearby

EOD CHART Of BANK NIFTY: