Wednesday, July 01, 2015

From my FaceBook page of STARTechnalysis


Updates after Close of markets on 1st July 2015.

LINK:
https://www.facebook.com/STARTechnalysis?ref=aymt_homepage_panel

Today on 1st July 2015, Nifty Spot
OPEN HIGH LOW CLOSE
8376.25 8481.60 8370.15 8453.05
Maintaining bullish stance, market touched upside Resistance levels and closed with bullish signal.
5HEMA 5LEMA 5CEMA B/BD S/SR
M 8584 8154 8420 BD X
W 8399 8143 8326 BB X
D 8406 8307 8383 BB X
H 8454 8426 8444 RST X
NS managed to close above MCEMA at 8420, so next level to look for is now 8584 - MHEMA, main Resistance.
Also Resistance at 100-dsma at 8480.
Supports at 8444- 426 - 406 - 399 - 383.

Today on 1st July 2015, Bank Nifty Spot
OPEN HIGH LOW CLOSE
18275.60 18629.15 18261.90 18581.60
BNS also maintained Bullish stance and easily rode over resistances mentioned yesterday. It also crossed 18480, which is 100-dsma, showing strength.
5HEMA 5LEMA 5CEMA B/BD S/SR
M 18925 17650 18499 BD X
W 18444 17707 18237 BB X
D 18447 18122 18387 BB X
H 18539 18451 18513 B X
Now supports at 18539 - 499 - 451 - 444.
Next resistance at 18833 - last week high and 18925 - MHEMA.