Friday, July 10, 2015


Today, 10th July 2015, NIFTY SPOT
OPEN HIGH LOW CLOSE
8365.70 8377.10 8315.40 8360.55
Maintained Shorts, with Weekly assertion to bearish trend.
Bank Nifty Spot has turned positive today, so much depends on its next move in next week.
HEMA LEMA CEMA B/BD S/SR
M 8611 8136 8390 X X
W 8457 8200 8344 BPL X
D 8433 8350 8389 X BPS
H 8362 8331 8346 B X
Daily maintaining lower-high, lower low mode, whereas
Weekly momentum weakened with Higher high and Higher low mode. However, signal is Book Profit in Long (BPL) in weekly.
Supports are at (8344-350) - 8331 and heading towards 8200.
Resistances are at (8389-90) - 8433 - 8457.

Today, on 10th July 2015, BANK NIFTY SPOT
OPEN HIGH LOW CLOSE
18584.95 18767.80 18534.55 18719.80

Today, BNS triggered SL at 18580 during initial hours. 
Weekly assertion of Trend is Positive, as all resistances are crossed convincingly. Now, until weekly low of 18400 is breached, 
it may forge ahead with 18600 as SL. 

        HEMA      LEMA       CEMA      B/BD     S/SR 
M 19042 17650 18545 BD        X
W 18651 17939 18431  B        X
D 18716 18472 18627  B        X
H 18698 18611 18661 BB        X
Now, Resistance is at 19042 - MHEMA.
Supports are at 18698 - (18651-661) - 18545 - 18431.

Jeetendra Mistry
Ahmedabad - @ 4 30 pm

No comments: