Monday, July 13, 2015

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


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.

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