Friday, July 03, 2015

Review of 3rd July 2015 and views for future


Review of 3rd July 2015 and views for future


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

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