STAR - School of Technical Analysis and Research
NIFTY SPOT, Today on 21/07/2015,
NIFTY SPOT, Today on 21/07/2015,
OPEN HIGH LOW CLOSE
8601.50 8646.75 8517.90 8529.45
As informed yesterday, market had changed its direction by making Lower High and Lower Low and Resistance was felt at higher levels. Book profit in Long was the Signal which was perfect.
The morning message after Pre-Open was also correct on both sides, as faced Resistance at 2nd level and all 3 lower levels achieved.
HEMA LEMA CEMA B/BD S/SR
M 8639 8136 8446 RST X
W 8561 8341 8465 BPL X
D 8606 8518 8552 BPL S
H 8591 8557 8567 X SS
Resistances now at (8552-67) - 8591 - 8639.
Supports are at 8465 - 8446 - 8341.
BANK NIFTY SPOT,
OPEN HIGH LOW CLOSE
19042.95 19101.50 18702.45 18723.40
Faced Resistances at levels mentioned yesterday and did not cross 19125.
It lost third support of 18795 today and closed lower.
HEMA LEMA CEMA B/BD S/SR
M 19125 17650 18547 BPL X
W 18945 18353 18692 RST X
D 19092 18798 18899 RST SS
H 18921 18821 18844 X SS
Signal is of Short on rise with SL of 19092 - DHEma, or even 18921 HrHEma.
Resistances at 18798 - (18821-844) - 18899 - 18945.
Supports at 18692 - 18547 - 18353. Distant supports show weakness.
