STAR - School of Technical Analysis and Research

Today on 29/07/2015, NIFTY SPOT:
OPEN HIGH LOW CLOSE
8365.60 8381.50 8338.45 8375.05
As mentioned yesterday and today after pre-open, it faced resistance and support at exact specified levels. Support seems at 8330 and may not be breached before expiry.
...

M 8642 8136 8394 RST X
W 8540 8330 8433 X SPT
D 8471 8392 8420 X S
H 8377 8352 8365 B X
Resistances at 8392 - (8420-33) - 8471.
Strong Support at 8330, so until breached MLEma of 8136 may be eluding and may come in next expiry after small rise.

Today on 29/07/2015, BANK NIFTY SPOT:;
OPEN HIGH LOW CLOSE
18331.55 18383.65 18264.30 18323.40
It managed to get support and resistances at pre-expected levels.
...

M 19125 17621 18413 BPL X
W 18819 18274 18550 X S
D 18594 18366 18445 X S
H 18344 18281 18301 BD X
With expected rise around 18550 was said to be expected yesterday seems to coming with small rise expected.
Resistances now at (18344-66) - 18445 - 18550 - 18594.
Supports at 18301 - (18281-74).

Market Update of 28/07/2015 and views ahead..

STAR - School of Technical Analysis and Research 

NIFTY SPOT, Today on 28/07/2015::

OPEN HIGH LOW CLOSE
8371.10 8397.40 8321.75 8337.00
It faced the resistance in first zone near 8396 and broke major support of 8340 and now heading towards Gap-down Target of 8250. "Sell on Rise" is continued signal.

M 8642 8136 8382 RST X
W 8540 8330 8420 X SPT
D 8516 8419 8442 X SS

H 8372 8337 8349 X SPT
Weekly and Hourly suggest last support near 8330. May try to reach MLEma 8136, in extreme case.
Resistances remain at 8349 - 8372 - (8419-20) - 8442.

BANK NIFTY SPOT, Today on 28/07/2015::
OPEN HIGH LOW CLOSE
18250.65 18379.10 18174.20 18282.80
As mentioned yesterday, the rise was for sell and it reached 4th level of Resistances mentioned. Today, it made new Low and closed above yesterday's close, suggesting probable rise up to
18535 - 567.

M 19125 17621 18400 BPL X
W 18819 18274 18536 X S
D 18700 18417 18505 X S

H 18336 18226 18281 BD X
No major support seen except HrLEma at 18226.
Resistances at 18336 - 18417 - 18505 - 18536.

27/07/2015 MARKET UPDATE AND VIEWS FOR TIMES AHEAD..

STAR - School of Technical Analysis and Research

NIFTY SPOT. Today on 27/07/2015
OPEN HIGH LOW CLOSE
8492.10 8492.20 8351.55 8361.00
It opened Gap-Down below Friday's Low and maintained gap throughout the day, with newer Lows till EOD. One may carry SHORT with SL of 8514.

M 8642 8136 8390 RST X
W 8540 8340 8428 X X
D 8575 8468 8495 X SS

H 8415 8387 8396 X SS
Short term time-frames like Hourly and Daily are clear SHORT.
Weekly, weak, with gap-down, awaits last support 8340, to be broken. Monthly shows Resistance at higher levels.
Resistances now at (8387-396) - (8415-428) - 8495.
Support at 8340, which is also 5-sma. Below may expect further downfall.
Target for Gap-Down is at 8250.

BANK NIFTY SPOT, Today on 27/07/2015
OPEN HIGH LOW CLOSE
18566.55 18566.55 18187.45 18213.05
Today, it was Gap-down open, below Friday's Low and remained weak throughout the day. Stay Short with SL 18636.

M 19125 17625 18377 BPL X
W 18819 18278 18513 X SS
D 18860 18538 18617 X SS

H 18342 18263 18301 X S
Almost all time-frames suggest more downside, with occasional bounces, for "Sell on Rise" situation.
Resistances all the way at (18263-78) - 301- 342 - 377 - 513.
No immediate support, as target of gap-down is 17780.

Market Update of 24/07/2015 and views ahead...

STAR - School of Technical Analysis and Research

NIFTY SPOT, Today on 24/07/2015,
OPEN HIGH LOW CLOSE
8588.15 8589.15 8513.50 8521.55
As last 4 days had movement within specified range, it was likely to provide direction today, being week-end. Pre-Open levels provided direction downwards and completed all 3 targets, as it did yesterday also.

     HE    LE     CE   B/BD S/SR
M 8642 8136 8443  RST   X
W 8564 8334 8462  BPL   X
D 8617 8526 8562    X      S

H 8566 8540 8551   X     SS
Weekly suggested Book Profit in Long and Monthly suggested Resistance near 8640-650.
Daily-Hourly in Short mode with SL 8562-66.
Resistances now at 8540- (8562-66) - 8617 - 8642.
Supports at 8462 - 8443 - 8334.

BANK NIFTY SPOT, Today on 24/07/2015
OPEN HIGH LOW CLOSE
18832.45 18860.75 18613.55 18635.85
The whole week remained weak, with volatility both sides.
Took support exactly at 18613 as pointed yesterday.
Trend is bearish, with SL 18945-19000.

M 19125 17650 18517 BPL X
W 18945 18324 18663 RST X
D 19007 18714 18818 X S

H 18775 18695 18722 X SS
Upside resistances remain at 18695 - (18714-22) - 18775 -18818.
Supports are at 18517 - 18324.

Market update of 23/07/2015 and views ahead...

STAR - School of Technical Analysis and Research

NIFTY SPOT, Today on 23/07/2015
OPEN HIGH LOW CLOSE
8643.95 8654.75 8573.80 8589.80
After reversal and big movement yesterday, Pre-Open levels led the way today and completed all 3 targets on downside.

HEMA LEMA CEMA B/BD S/SR
M 8642 8136 8466 RST X
W 8564 8334 8485 B X
D 8630 8532 8583 BPL X

H 8623 8587 8604 X SPT
Hold Long at EOD with SL 8559 - low made on Monday now.
Resistances at 8604 - (8623-30-42).
Supports at 8583 - 8564 - 8532.

BANK NIFTY SPOT, Today on 23/07/2015
OPEN HIGH LOW CLOSE
18990.85 19091.45 18819.25 18865.00
Same as in Nifty Spot, BNS also achieved downside targets, mentioned after Pre-Open today.

M 19125 17650 18594 BPL X
W 18945 18324 18739 RST X
D 19080 18764 18909 RST X

H 18947 18856 18900 X SPT
Trend is unclear, with 2-way movements as to make clear headway as yet. 19230 on upside and 18613 on downside.
Resistances at (18900-909) - (18945-47) - (19080-125).
Supports at 18856 - 18764 - 19739.

Review of 22/07/2015 and views for markets ahead...

STAR - School of Technical Analysis and Research
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NIFTY SPOT, Today on 22/07/2015
OPEN         HIGH         LOW         CLOSE
8512.25 8643.90 8498.65 8633.50
Today was trend-changing day, with assertion of Weekly strong trend maintained.
Higher High and Higher Low was seen in Weekly time-frame.
All Resistances crossed convincingly. 
EOD position is as under:
               HEMA   LEMA   CEMA B/BD  S/SR    

M	8639	8136	8481	RST	X
W	8561	8334	8499	B	X
D	8618	8512	8579	B	BPS
H	8628	8602	8619	B	X

Signals of LONG were received post-half day session. 
Supports now at 8618 - 8602 - 8579 - 8561 - 8499 - 8481.
Resistances at (8639-644) and then not to SHORT until 8600 breached.

BANK NIFTY SPOT:

OPEN	HIGH	LOW	CLOSE
18683.30	19038.15	18613.60	18997.00

BNS managed to cross first Resistance 18921 but could not cross second 19092.

At weekly level, it breached last week low and but could not close above last week close.

EOD levels are as under:

                     HEMA     LEMA        CEMA  B/BD  S/SR 

M	19125	17650	18638	BPL	X
W	18945	18324	18783	B	X
D	19074	18736	18932	BD	BPS
H	18975	18894	18954	B	X

Resistances at 19074 - 19125.

Supports at (18932-954-945) - 18783 - 18638.

Review of 21/07/2015 and markets ahead...

STAR - School of Technical Analysis and Research

NIFTY SPOT, Today on 21/07/2015,

OPEN   HIGH          LOW         CLOSE

8601.50 8646.75 8517.90 8529.45

As informed yesterday, market had changed its direction by making Lower High and Lower Low and Resistance was felt at higher levels. Book profit in Long was the Signal which was perfect. 

The morning message after Pre-Open was also correct on both sides, as faced Resistance at 2nd level and all 3 lower levels achieved.

        HEMA    LEMA     CEMA    B/BD    S/SR 

M 8639      8136  8446     RST X

W 8561      8341  8465     BPL X

D 8606      8518  8552     BPL S

H 8591      8557 8567       X       SS

Resistances now at (8552-67) - 8591 - 8639.

Supports are at 8465 - 8446 - 8341.

BANK NIFTY SPOT, 

OPEN     HIGH LOW          CLOSE

19042.95 19101.50 18702.45 18723.40

Faced Resistances at levels mentioned yesterday and did not cross 19125.

It lost third support of 18795 today and closed lower.

        HEMA        LEMA         CEMA       B/BD     S/SR  

M 19125 17650 18547  BPL       X

W 18945 18353 18692  RST       X

D 19092 18798 18899  RST      SS

H 18921 18821 18844   X      SS

Signal is of Short on rise with SL of 19092 - DHEma, or even 18921 HrHEma.

Resistances at 18798 - (18821-844) - 18899 - 18945.

Supports at 18692 - 18547 - 18353. Distant supports show weakness. 

 

    

Review for 20/07/2015 and views for tomorrow...

STAR - School of Technical Analysis and Research

NIFTY SPOT, today on 20/07/2015,
OPEN HIGH LOW CLOSE
8623.90 8624.10 8559.00 8603.45
Opened at Resistance and went down till second support.
Recovery in second half of the day did not sustain.

HEMA LEMA CEMA B/BD S/SR
M 8638 8136 8471 RST X
W 8554 8354 8489 B X
D 8585 8519 8563 B X

H 8607 8578 8593 RST X
Resistance at MHEma 8638 is stronger, with formation of Lower-High-Lower Low today. Book profits in Longs at higher levels.
Supports near 8593 - (8585-78) - (8563-54).

BANK NIFTY SPOT, today on 20/07/2015
OPEN HIGH LOW CLOSE
19126.10 19149.05 18852.70 19032.70
Resistance faced at Open today and took support near 3rd level as mentioned on Friday. formation of Lower (High-Low-Close) seen today suggests to book profit on rise.

HEMA LEMA CEMA B/BD S/SR
M 19125 17650 18650 BPL X
W 18945 18403 18795 B X
D 19087 18846 18987 RST X

H 19038 18945 18997 RST X
As seen in above Table, Resistance seen near 19038 - 087 - 125.
Supports at (18997-87) - 18945 - 18846 - 18795.

Review for 17/07/2015 and views ahead...

STAR - School of Technical Analysis and Research

NIFTY SPOT, today on 17/07/2015
OPEN HIGH LOW CLOSE
8623.65 8642.95 8593.15 8609.85

HEMA LEMA CEMA B/BD S/SR
M 8638 8136 8472 RST X
W 8519 8252 8432 BB X
D 8565 8498 8542 B X

H 8624 8602 8615 X BPS
Facing strong Resistance near MHEma - 8636 now.
Even weakening uptrend with Close below HrHEma 8624.
On Daily chart, Shooting Star like formation noticed.
Have to be watchful in LONG.
Supports at 8600 - 8565 - 8542 - 8519.

BANK NIFTY SPOT, Today on 17/07/2015
OPEN HIGH LOW CLOSE
19175.30 19229.05 19069.30 19094.70

HEMA LEMA CEMA B/BD S/SR 
M 19125 17650 18695 BB X
W 18844 18179 18677 BB X
D 19056 18842 18964 B X

H 19157 19095 19128 X BPS
Maintain Long with SL 18964, However, signal of profit-booking was seen today with Close below MHEma and HrHEma.
Re-enter LONG on crossing above 19125/19157.
Supports at 19056 - 18964 - (18842-844).

Review markets of 16/07/2015 and Views ahead

STAR - SCHOOL OF TECHNICAL ANALYSIS AND RESEARCH

NIFTY SPOT, Today on 16/07/2015
OPEN HIGH LOW CLOSE
8546.15 8616.10 8542.90 8608.05
With support of Bank Nifty, it met with its ultimate level - MHEMA at 8611. But with newer High, now MHEma stands at 8629.

        HEMA      LEMA      CEMA      B/BD      S/SR
M 8629 8136 8472 BD        X
W 8510 8252 8432 BB        X
D 8527 8451 8509 BB        X

H 8596 8578 8589 B        X
Supports now at 8596 - 8578 - 8527.
Maintain Long with SL 8500.
Today, Close was at HiGH, which indicates some profit-booking at higher levels, to get re-entry near supports.

BANK NIFTY SPOT
OPEN HIGH LOW CLOSE
18870.50 19195.40 18867.50 19168.05
Resistances yesterday turned supports and it kept moving up.

        HEMA      LEMA       CEMA      B/BD     S/SR
M 19114 17650 18695  BB        X
W 18832 18179 18677  BB        X
D 18970 18728 18898  BB        X

H 19008 18940 18989  BB        X
With above all levels, maintain LONG with SL 18898.
Those holding LONG may look out for profit-booking if closes tomorrow below 19100.

Review of markets on 15/07/2015 and views ahead

STAR - School of Technical Analysis and Research

NIFTY SPOT ON 15/07/2015
OPEN HIGH LOW CLOSE
8463.40 8531.40 8462.95 8523.80
Upward momentum intact, pausing with slow momentum in Bank Nifty not supporting today.

HEMA LEMA CEMA B/BD S/SR
M 8611 8136 8444 BD X
W 8482 8252 8404 B X
D 8482 8405 8459 BB X

H 8525 8505 8517 RST X
Maintain LONG with 8459 as SL at EOD.
Weekly-Daily managing BUY signal, with Monthly suggesting Buy at Declines till 8444. Resistance at 8611 - MHEma - major.
Supports at 8505 - 8482 - 8459.

BANK NIFTY SPOT on 15/07/2015
OPEN HIGH LOW CLOSE
18801.50 18894.90 18773.90 18816.25
Resting near perfect first support predicted yesterday, however with absence of momentum, resisting at upper levels.

HEMA LEMA CEMA B/BD S/SR
M 19042 17650 18578 BD X
W 18748 18179 18559 B X
D 18857 18659 18763 RST X

H 18852 18795 18821 X SPT
Maintain Cautious Long with SL 18763. Better SL 18650.
Resistance near 918852-57) and 19042.
Supports at 18795 - (18763-48) - 18659 - 18559.

Review - 14/07/2015 and markets ahead...

NIFTY SPOT: Today on 14/07/2015
OPEN HIGH LOW CLOSE
8470.60 8480.25 8424.10 8454.10
After break-out on upside, it moved sideways without much momentum. Maintain LONG with SL of 8426.

        HEMA      LEMA      CEMA      B/BD   S/SR
M 8611 8136 8421 BD     X
W 8465 8252 8381 RST     X
D 8457 8376 8426 BPL     X

H 8466 8439 8450 X     X
Faced Resistance near 100-dsma near 8460 and also WHEma.
Hourly Resistance and DHEma have nearby resistances. Once crossed convincingly, may head towards 8611 - MHEma.
Supports at (8439-8426-8421) - (8381-8376).

BANK NIFTY SPOT:

Today on 14/07/2015
OPEN HIGH LOW CLOSE
18913.75 18940.85 18734.40 18780.20
Managed today above specified level - 18700.

HEMA LEMA CEMA B/BD S/SR
M 19042 17650 18566 BD X
W 18748 18179 18547 B X
D 18838 18601 18737 BPL X

H 18852 18768 18797 X SS
Last hours showed some sell-off and profit-booking at EOD.
Resistances are at (18838-852) - 19042.
Supports are at 18768 - (18748-737) - 18601.

Review of markets on 13/07/2015 and views ahead

STAR - School of Technical Analysis and Research

NIFTY SPOT TODAY, ON 13TH JULY 2015:
OPEN HIGH LOW CLOSE
8397.25 8471.65 8355.40 8459.65
As observed on Friday at Close that Bank Nifty had shown strength and it would decide trend for Nifty today, which was fructified and negative trend reversed today.

HEMA LEMA CEMA B/BD S/SR
M 8611 8136 8423 BD X
W 8462 8252 8383 RST X
D 8446 8352 8412 BB X

H 8447 8421 8439 B X

Today, NS crossed all resistances easily but faced resistance near 100-dsma at 8462. It may head towards MHEma at 8611.
Supports are at (8439-447) - 8412 - 8383.

BANK NIFTY SPOT Today on 13/07/2015
OPEN HIGH LOW CLOSE
18753.80 18929.20 18657.60 18893.55
BNS followed trend shown at EOD on Friday and did not breach 18600 - major support.

HEMA LEMA CEMA B/BD S/SR
M 19042 17650 18603 BD X
W 18744 18179 18585 B X
D 18787 18534 18716 BB X

H 18872 18801 18846 B X
As predicted, heading towards 19042 - MHEma.
Supports are at 18872 - 846 - 787 - 744 - 716.

STAR - School of Technical Analysis and Research

Today, 10th July 2015, NIFTY SPOT
OPEN HIGH LOW CLOSE
8365.70 8377.10 8315.40 8360.55
Maintained Shorts, with Weekly assertion to bearish trend.
Bank Nifty Spot has turned positive today, so much depends on its next move in next week.

HEMA LEMA CEMA B/BD S/SR
M 8611 8136 8390 X X
W 8457 8200 8344 BPL X
D 8433 8350 8389 X BPS

H 8362 8331 8346 B X
Daily maintaining lower-high, lower low mode, whereas
Weekly momentum weakened with Higher high and Higher low mode. However, signal is Book Profit in Long (BPL) in weekly.

Supports are at (8344-350) - 8331 and heading towards 8200.
Resistances are at (8389-90) - 8433 - 8457.

Today, on 10th July 2015, BANK NIFTY SPOT

OPEN HIGH LOW CLOSE

18584.95 18767.80 18534.55 18719.80

Today, BNS triggered SL at 18580 during initial hours. 

Weekly assertion of Trend is Positive, as all resistances are crossed convincingly. Now, until weekly low of 18400 is breached, 

it may forge ahead with 18600 as SL. 

        HEMA      LEMA       CEMA      B/BD     S/SR 

M 19042 17650 18545 BD        X

W 18651 17939 18431  B        X

D 18716 18472 18627  B        X

H 18698 18611 18661 BB        X

Now, Resistance is at 19042 - MHEMA.

Supports are at 18698 - (18651-661) - 18545 - 18431.

Jeetendra Mistry

Ahmedabad - @ 4 30 pm

STAR - School of Technical Analysis and Research

Today on 09/07/2015, NIFTY SPOT
OPEN     HIGH     LOW      CLOSE
8364.85 8400.30 8323.00 8328.55
Short signal mentioned yesterday continued and even closed below yesterday close, showing journey towards 8200.

   HEMA LEMA   CEMA B/BD S/SR
M 8611   8138   8379      X      X
W 8457   8203   8334    BPL   X
D 8460   8367   8403      X     SS

H 8360 8334 8345 X S
Weakness continues with revised SL 8403 at EOD.
Short signals in Hourly and Daily suggest more downside.
Close below Weekly-Monthly CEMA also suggest more downside.
Supports at 8203 and 8138 - Weekly-Monthly LEMA.
Resistances at (8360-67) - 8403 - 8457.

Today on 09/07/2015, Bank Nifty Spot
OPEN        HIGH       LOW        CLOSE
18442.15 18584.00 18409.20 18508.70
As expected, BNS faced resistances till 3rd level 18583 AND
got support near 18400.

     HEMA   LEMA    CEMA    B/BD    S/SR
M  19042   17650    18475    BD       X
W  18651   17939    18361    BPL    X
D  18690   18441    18580      X      SPT

H 18545 18471 18515 X X
Signal is Short with SL 18580 at EOD.
Support seen near 18440 and 18360.
Resistances at rise near 18580 - 18650- 18690.
Tomorrow being week-end indications, more fall may be expected below 18350, till 17950 - 17650.

Jeetendra Mistry

Ahmedabad - @ 5 05 pm

Review - 08/07/2015 and views ahead

STAR - School of Technical Analysis and Research

Today on 8th July 2015, Nifty Spot
OPEN HIGH LOW CLOSE
8439.20 8457.50 8341.40 8363.05
It was gap-Down Open and maintained below yesterday low with bearish tone whole day. warned yesterday of Loss of Momentum, which showed up its power today. SL for Long was hit at Open with breach of 100-dsma and way ahead was clear, with Pre-Open posting.

    HEMA    LEMA    CEMA   B/BD   S/SR 

M  8611     8144      8390       X        X
W  8457     8209      8345    BPL      X
D  8490      8389      8440     X        SS
H  8414      8366      8387     X         S
At EOD, it was signal of SHORT with SL of 8440.
Resistances now at (8387-90) - 8414 - 8440 - 8457 .
Supports at (8341-45) - 8209, meaning more downside likely if today's LOW of 8341 is breached.

Today on 08/07/2015, Bank Nifty Spot
OPEN HIGH LOW CLOSE
18579.65 18669.45 18402.85 18463.15
Gap-down Open after Resistance forecast at 19000 level had indicated profit booking in Long at higher levels. Long SL was hit at Pre-Open and revised levels were provided after Pre-Open.

      HEMA   LEMA    CEMA    B/BD     S/SR
M   19042   17650   18460      BD        X
W   18651   17939   18345      BPL     X
D    18744   18457   18616       X     BPS

H     18583  18498   18538      X        X
Mixed trend is seen ahead with biased towards bearish.
Resistances at 18498 - 18538 - 18583 - 18616 - 18651.
Support at (18455-60) - 18400 (low today) - 18345.

Jeetendra Mistry

Ahmedabad - @ 5 15 pm

Review 7th July 2015 and outlook for tomorrow

STAR - School of Technical Analysis and Research

Today, on 7th July 2015, Nifty Spot
OPEN HIGH LOW CLOSE
8525.50 8561.35 8483.85 8510.80
It maintained Bullish stance at Close, but momentum was seen to be reducing on upside. May have to see a day or two, with sideways movement. Maintain LONG with SL of 8478.

5HEMA 5LEMA 5CEMA B/BD S/SR
M 8611 8154 8440 BD X
W 8457 8224 8394 BB X
D 8507 8413 8478 B X

H 8534 8505 8521 X SPT
Did get support at predicted levels.
Now Supports at 8505 - 8478 - 8457 - 8440.
Resistances at 8521 - 8534 - 8611. 8470 is 100-dsma.

Today, on 7th July 2015, Bank Nifty Spot
OPEN HIGH LOW CLOSE
18794.10 18980.65 18713.15 18798.50
As expected, it faced resistance near 19000 and made High at 18980.

5HEMA 5LEMA 5CEMA B/BD S/SR
M 19042 17650 18572 BD X
W 18651 17944 18457 BB X
D 18781 18485 18692 B X

H 18871 18779 18829 X SPT
Maintain LONG mode till 18692 is held.
Supports at 18780 - 18692 - 18651 - 18572.
Resistances at 18830 - 18871 - 19042.

Jeetendra Mistry

Ahmedabad - @ 6 45 pm

Review of markets - 6th July 2015 and Views for markets ahead

STAR - School of Technical Analysis and Research

Today, on 06/07/2015, Nifty Spot
OPEN HIGH LOW CLOSE
8386.15 8533.15 8386.15 8522.15
Big Gap-down Open and panic all-around, but one Clue Open = Low, indicated recovery possible later in a day and proved right.

    5HEMA 5LEMA 5CEMA B/BD S/SR
M 8601     8154     8443      BD     X
W 8447    8224     8398      BB     X
D 8479    8378     8461      BB      X

H 8495    8464     8488      BB     X

At Open, market had broken all supports, but market started recovering soon and once last support crossed upside, it took balance in favor of Bullish stance.

Now Supports are at 8495 - 8479 - (8461-64) - (8447-43).
Resistance is at 8601 - MHEma. 8472 is 100-dsma, which needs to be maintained at EOD.

Today, on 06/07/2015, Bank Nifty Spot 

OPEN HIGH LOW CLOSE

18488.35 18855.90 18417.35 18825.15

Big Gap-down Open and panic all around, but Nifty getting support near Open = Low, was major concern to bring back trend to track, as Gap was filled so soon in early minutes. 

       5HEMA 5LEMA 5CEMA B/BD S/SR

M 19000 17650 18581 BD          X

W 18609 17944 18466 BB          X

D 18681 18370 18639 BB          X

H 18752 18657 18734 BB          X

All levels suggest up-trend intact and we may see 19000 level soon. Week/Day/Hourly all in BUY mode with SL at EOD 18600.

Supports are at (18750-35) - 681 - 639 - 609. 

Resistance now eyed at 19000 - which is also MHEma. 

Jeetendra Mistry

Ahmedabad - @ 4 30 pm. 

HOW TO PREDICT TERMINATION OF TREND WITH ONLY PRICE MOVEMENTS ?

STAR - School of Technical Analysis and Research

Shall we discuss some academics, at week-end ?

Normally, prices have directional up-move and stop at certain point. Such Trend terminates with certain price behavior.

Now the question is HOW to decide whether Trend has terminated or weakened, only with looking at prices, having no software or other studies. Though difficult, and of course not infallible, let us view such movements.

Firstly, when prices rise, price has tendency to reach at peak and
CLOSE near HIGH, which may be considered as Swing High and such Close may be the Highest Close. Now, if next day, if OPEN is below Highest Close and High of that day does not cross Highest Close, and day closes below Open of the day, we may assume as termination of up-trend.

Another scenario may be bit different, but indicates termination of up-trend. In such case, Open of next day should be above High of previous day, which may also be Swing High. During the day, prices may remain range-bound, but Close would be below the previous close, which may be the Highest Close.

These are 2 preliminary indications of Change in Direction/Trend.
However, one may not reach conclusion to End of Up-trend for sure, until some other conditions are fulfilled in later time.

I am sure, those reading this shall have many questions, which may be put on this Forum. look forward to your queries.

Jeetendra Mistry

Ahmedabad - 4th July 2015

Review of 3rd July 2015 and views for future

Review of 3rd July 2015 and views for future

STAR - School of Technical Analysis and Research

Today, on 03/07/2015, Nifty Spot
OPEN HIGH LOW CLOSE
8440.10 8497.75 8424.15 8484.90

    5HEMA     5LEMA   5CEMA    B/BD    S/SR
M    8589      8154       8431       BD        X
W   8404       8143       8336       BB        X
D    8453       8374       8431       BB        X

H    8489       8466       8478       BPL      X
Market has maintained its Bullish stance with SL of 8431 now.
It made High near our Resistances mentioned yesterday and
took support near 1st support level mentioned in EOD as well in post after Pre-open session.
Resistance now is at 8589 - MHEMA.
Supports at 8478 - 8466 - 8453 - 8431.

Stay LONG with SL of 8425-8430 now, as Hourly shows profit-booking signal in Long and Monthly levels show Buy at Dips. It may happen that market may bounce back after initial low open to be bought at above support levels.

Today on 03/07/2015, Bank Nifty Spot
OPEN HIGH LOW CLOSE
18535.70 18756.65 18535.70 18729.65

    5HEMA 5LEMA   5CEMA  B/BD S/SR
M  18967    17650   18549    BD     X
W  18486    17707   18286    BB     X
D  18594     18347  18545     BB    X

H   18718    18640  18691     BB    X
As BNS also maintained its tempo and closed with Bullish note.

All eyes set now on 19000 - MHEMA at 18967 - only resistance.
Supports at 18718 - 18691- 18640- 18594.
Maintain LONG with SL of 18545 - DCEMA, with few points filter.

Jeetendra Mistry

Ahmedabad - 4 45 pm