STAR - School of Technical Analysis and Research

Today on 09/07/2015, NIFTY SPOT
OPEN     HIGH     LOW      CLOSE
8364.85 8400.30 8323.00 8328.55
Short signal mentioned yesterday continued and even closed below yesterday close, showing journey towards 8200.

   HEMA LEMA   CEMA B/BD S/SR
M 8611   8138   8379      X      X
W 8457   8203   8334    BPL   X
D 8460   8367   8403      X     SS

H 8360 8334 8345 X S
Weakness continues with revised SL 8403 at EOD.
Short signals in Hourly and Daily suggest more downside.
Close below Weekly-Monthly CEMA also suggest more downside.
Supports at 8203 and 8138 - Weekly-Monthly LEMA.
Resistances at (8360-67) - 8403 - 8457.

Today on 09/07/2015, Bank Nifty Spot
OPEN        HIGH       LOW        CLOSE
18442.15 18584.00 18409.20 18508.70
As expected, BNS faced resistances till 3rd level 18583 AND
got support near 18400.

     HEMA   LEMA    CEMA    B/BD    S/SR
M  19042   17650    18475    BD       X
W  18651   17939    18361    BPL    X
D  18690   18441    18580      X      SPT

H 18545 18471 18515 X X
Signal is Short with SL 18580 at EOD.
Support seen near 18440 and 18360.
Resistances at rise near 18580 - 18650- 18690.
Tomorrow being week-end indications, more fall may be expected below 18350, till 17950 - 17650.

Jeetendra Mistry

Ahmedabad - @ 5 05 pm