Today, on 06/07/2015, Nifty Spot
OPEN HIGH LOW CLOSE
8386.15 8533.15 8386.15 8522.15
Big Gap-down Open and panic all-around, but one Clue Open = Low, indicated recovery possible later in a day and proved right.
OPEN HIGH LOW CLOSE
8386.15 8533.15 8386.15 8522.15
Big Gap-down Open and panic all-around, but one Clue Open = Low, indicated recovery possible later in a day and proved right.
5HEMA 5LEMA 5CEMA B/BD S/SR
M 8601 8154 8443 BD X
W 8447 8224 8398 BB X
D 8479 8378 8461 BB X
M 8601 8154 8443 BD X
W 8447 8224 8398 BB X
D 8479 8378 8461 BB X
H 8495 8464 8488 BB X
At Open, market had broken all supports, but market started recovering soon and once last support crossed upside, it took balance in favor of Bullish stance.
Now Supports are at 8495 - 8479 - (8461-64) - (8447-43).
Resistance is at 8601 - MHEma. 8472 is 100-dsma, which needs to be maintained at EOD.
Resistance is at 8601 - MHEma. 8472 is 100-dsma, which needs to be maintained at EOD.
Today, on 06/07/2015, Bank Nifty Spot
OPEN HIGH LOW CLOSE
18488.35 18855.90 18417.35 18825.15
Big Gap-down Open and panic all around, but Nifty getting support near Open = Low, was major concern to bring back trend to track, as Gap was filled so soon in early minutes.
5HEMA 5LEMA 5CEMA B/BD S/SR
M 19000 17650 18581 BD X
W 18609 17944 18466 BB X
D 18681 18370 18639 BB X
H 18752 18657 18734 BB X
All levels suggest up-trend intact and we may see 19000 level soon. Week/Day/Hourly all in BUY mode with SL at EOD 18600.
Supports are at (18750-35) - 681 - 639 - 609.
Resistance now eyed at 19000 - which is also MHEma.
Jeetendra Mistry
Ahmedabad - @ 4 30 pm.
