STAR - School of Technical Analysis and Research

On beginning of New week and month,
Nifty Spot, Today on 3/8/15::
OPEN HIGH LOW CLOSE
8510.65 8563.95 8508.10 8543.05
As expected, NS held LONG with SL 8458.

M 8616 8260 8479 BD X
W 8561 8389 8505 RST X
D 8518 8446 8486 B X

H 8556 8536 8545 X SPT
Resistance now at (8556-61) - 8616.
Supports at 8536 - 8518 - 8505 - 8486.

On beginning of new Week and Month,
Bank Nifty Spot, Today on 3/8/15::
OPEN HIGH LOW CLOSE
18782.65 19016.40 18782.65 18914.70
BNS maintained momentum, ahead of event.

M 19089 18008 18671 BD X
W 18943 18443 18762 RST X
D 18776 18529 18665 BB X

H 18957 18887 18918 X SPT
BNS overcame 2 resistances easily and forged ahead.
Resistances now at (18943-57) - 19089.
Supports at 18887 - (18776-62) - 18665.