Tuesday, July 28, 2015

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



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.

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