Wednesday, July 22, 2015

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

STAR - School of Technical Analysis and Research
(Search for "STARTechnalysis" on Facebook)

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.


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