Friday, July 17, 2015

Review for 17/07/2015 and views ahead...

NIFTY SPOT, today on 17/07/2015
OPEN HIGH LOW CLOSE
8623.65 8642.95 8593.15 8609.85
HEMA LEMA CEMA B/BD S/SR
M 8638 8136 8472 RST X
W 8519 8252 8432 BB X
D 8565 8498 8542 B X
H 8624 8602 8615 X BPS
Facing strong Resistance near MHEma - 8636 now.
Even weakening uptrend with Close below HrHEma 8624.
On Daily chart, Shooting Star like formation noticed.
Have to be watchful in LONG.
Supports at 8600 - 8565 - 8542 - 8519.

BANK NIFTY SPOT, Today on 17/07/2015
OPEN HIGH LOW CLOSE
19175.30 19229.05 19069.30 19094.70
HEMA LEMA CEMA B/BD S/SR 
M 19125 17650 18695 BB X
W 18844 18179 18677 BB X
D 19056 18842 18964 B X
H 19157 19095 19128 X BPS
Maintain Long with SL 18964, However, signal of profit-booking was seen today with Close below MHEma and HrHEma.
Re-enter LONG on crossing above 19125/19157.
Supports at 19056 - 18964 - (18842-844).