TECHNICAL VIEW FOR 01022016:
NIFTY:
In My Last Technical View I Suggested That A SHORT TERM
BOTTOM Was In Place At 7230 And A Possible Relief Rally Targets Were Set
7462-7551
NIFTY Has Managed To CLOSE Above A Crucial Resistance At
7551 So On A CLOSE Above 7600 It Can Reach 7672 And 7721-7742 To FILL The
Bearish GAP
A CLOSE Below 7400 Is STOP & REVERSE
NIFTY EOD:
BANK NIFTY:
BANK NIFTY Could Not Move As STRONG As NIFTY Because It Has
A Sharp GAP DOWN OPEN On Friday
A Move Above 15682 Can Take BANK NIFTY Towards 15790
A Close Above 15800 Can Take BANK NIFTY Up To 16108-16205
BANK NIFTY:
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