WORLD MARKET PLUNGES HARD

TECHNICAL VIEW FOR 14012016:

NIFTY:

I Was Expecting Some Up Side Move Above 7570 Around NIFTY Went Up To 7600 But My STOP Was 7540 And Once Below 7540 NIFTY Touched 7425 As Our One Weekly Target Was 7422

'' After May Be A Minor Support Around 7550-7500 We Will See New Lows And First Probable Support/Target Zone Is 7422 Then 7330-7280 And Finally 7141-7118''

From The SUPPORT/TARGET Of 7422 NIFTY Bounced Back Sharply CLOSING Even Above 7551

On EOD Chart It Is A LONG LEGGED DOJI ,Which Suggests A SHORT TERM Bottom At 7425 But Needs A FOLLOW UP BULLISH CANDLE

A CLOSE Above 7620-7640 Can Be Such A FOLLOW UP

World Markets Are A BIG BIG Concern For Us Which I Have Been Suggesting Since last Month In All my Reports

A CLOSE Below 7516 For NF And More Damage On NF CLOSE Below 7429

BANK NIFTY:

15600-15540 Was A SUPPORT Zone From Where We Had Seen Strong INTRA DAY Bounce But BNF Need A CLOSE Above 16185 First For A Relief Rally

Below 15600-15540 BNF Can Reach 15200 Very Quickly