Market review for 2nd July 2015

Yesterday evening posting on Facebook/STARTechnalysis:

One important formation in Ichimoku Kinko Hyuo (Clod theory) noted today is for Nifty Spot and Bank Nifty Spot. Both have closed above the CLOUD and shown bullish indications.

If NS closes below 8400 and BNS below 18300 tomorrow, then only it would close within CLOUD; or else bullish view should be maintained. This is based on End-Of-Day (EOD) position.

NIFTY SPOT
Today on 2nd July 2015, Nifty Spot was
OPEN HIGH LOW CLOSE
8471.95 8479.25 8433.20 8444.90
It was INSIDE DAY, when yesterday high-low were not crossed.
However, market did maintain supports predicted.

       5HEMA 5LEMA 5CEMA B/BD S/SR
M 8584 8154 8418 BD          X
W 8399 8143 8323 BB          X
D 8430 8349 8404 B          X

H 8467 8440 8456 X       SPT

Maintain LONG with SL of 8400, as main support.
This week, market had breached last week's low and managed to close above last week close, with bullish stance intact so far.
Tomorrow, being current week's last working day, we may witness more volatility.
Resistances at 8477 (100 dsma) to touch 8584 - MHEMA.
Supports at 8430 - 8418 - 8399.

BANK NIFTY SPOT
Today on 02/07/2015, Bank Nifty Spot
OPEN HIGH LOW CLOSE
18605.10 18642.85 18513.30 18585.55
BNS maintained bullish stance and did not breach 100-dsma of 18480.

       5HEMA 5LEMA 5CEMA B/BD S/SR
M 18929 17650 18501 BD          X
W 18448 17707 18238 BB          X
D 18512 18252 18453 B          X

H 18625 18549 18599 X          X

Now supports are at 18549 - 512 - (448-453).

Resistances are at 18625 HrHEMA, 18833 last week high.