TECHNICAL VIEW FOR 13TH JAN

TECHNICAL VIEW FOR 13012016:

NIFTY:

My View For The Intraday Rally On 11th Was Very Clear ,It Was Just The GAP FILLING

And NIFTY Finally Closed Was Below 7551

NF Met My Target Of 7508 Once Below 7540

Intraday Structure Suggests Some Bounce Back Possible

A CLOSE Above 7617-7640 For NF Can Bring In Some Relief Rally

Such A Relief Rally May Happen If NF Can Close An Hour Above 7571 STOP:7540

BANK NIFTY:

There Was More Panic Here

BANK NIFTY Closed Way Below Its August Low

More Down Side To Come But We Can See Relief Rally Up To 16185 Around

A CLOSE Above 16185-16400 Is An Absolute Must For Any TREND REVERSAL Till Then It Can Be Relief Rally Only