Tuesday, August 04, 2015

Market Trend on 4/8/15 and view for markets ahead...

Today on 4/8/15. NIFTY SPOT::
OPEN     HIGH     LOW      CLOSE
8564.10 8565.15 8448.25 8516.90
On event-day, it maintained bullish stance at EOd after giving opportunity to LONG near DLEMA (8446).
M 8616 8240 8470 BD X
W 8561 8369 8496 RST X
D 8533 8447 8497 BPL X
H 8532 8494 8514 BD X
NS dipped after RBI policy announcement, to provide LONG opportunity near 8447, as made Low at 8448.
Now LONG SL at 8497 at Close. NS made High near 8548-66 in last 3 days, which if overcome, will take NS to MHEma at 8616.
I hope, you can work out Supports/Resistances from above Table provided for different time-frames. Trading opportunities on such event-day provide opportunity on both sides, with signal of BPL.

Today on 4/8/15, Bank Nifty Spot:
OPEN        HIGH       LOW        CLOSE
18968.25 19067.35 18758.90 18972.60
BNS took support above Close of last week and maintained LONG signal even after policy, as per statistics. It showed more bullishness after breaching highest low made yesterday and closed higher than previous Close, suggesting uptrend.
M 19106 18000 18690 BD X
W 18960 18436 18781 B X
D 18873 18606 18768 B X
H 18995 18879 18946 BPL X
Resistances and Supports may be arrived from above statistics table. If not, please let me know.

Monday, August 03, 2015


On beginning of New week and month,
Nifty Spot, Today on 3/8/15::
OPEN HIGH LOW CLOSE
8510.65 8563.95 8508.10 8543.05
As expected, NS held LONG with SL 8458.
M 8616 8260 8479 BD X
W 8561 8389 8505 RST X
D 8518 8446 8486 B X
H 8556 8536 8545 X SPT
Resistance now at (8556-61) - 8616.
Supports at 8536 - 8518 - 8505 - 8486.

On beginning of new Week and Month,
Bank Nifty Spot, Today on 3/8/15::
OPEN HIGH LOW CLOSE
18782.65 19016.40 18782.65 18914.70
BNS maintained momentum, ahead of event.
M 19089 18008 18671 BD X
W 18943 18443 18762 RST X
D 18776 18529 18665 BB X
H 18957 18887 18918 X SPT
BNS overcame 2 resistances easily and forged ahead.
Resistances now at (18943-57) - 19089.
Supports at 18887 - (18776-62) - 18665.