Review of markets on 15/07/2015 and views ahead

STAR - School of Technical Analysis and Research

NIFTY SPOT ON 15/07/2015
OPEN HIGH LOW CLOSE
8463.40 8531.40 8462.95 8523.80
Upward momentum intact, pausing with slow momentum in Bank Nifty not supporting today.

HEMA LEMA CEMA B/BD S/SR
M 8611 8136 8444 BD X
W 8482 8252 8404 B X
D 8482 8405 8459 BB X

H 8525 8505 8517 RST X
Maintain LONG with 8459 as SL at EOD.
Weekly-Daily managing BUY signal, with Monthly suggesting Buy at Declines till 8444. Resistance at 8611 - MHEma - major.
Supports at 8505 - 8482 - 8459.

BANK NIFTY SPOT on 15/07/2015
OPEN HIGH LOW CLOSE
18801.50 18894.90 18773.90 18816.25
Resting near perfect first support predicted yesterday, however with absence of momentum, resisting at upper levels.

HEMA LEMA CEMA B/BD S/SR
M 19042 17650 18578 BD X
W 18748 18179 18559 B X
D 18857 18659 18763 RST X

H 18852 18795 18821 X SPT
Maintain Cautious Long with SL 18763. Better SL 18650.
Resistance near 918852-57) and 19042.
Supports at 18795 - (18763-48) - 18659 - 18559.