BANK NIFTY FUTURES

Disclaimer : These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.Consult your financial advisor only before you trade.

BANKNIFTY DAILY FUTURES

DAILY NIFTY SPOT

Disclaimer : These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.Consult your financial advisor only before you trade

NIFTY DAILY SPOT

Watch 50 dma at 7541.Close below this level for two days with volume is bearish.If Nifty sustains above this level in the days to come, look for resistances at 20 dma of 7669 and pivot of 7747.Sustained close above these levels will be bullish.Also watch rectangle boundaries at 7941 and 7422 respectively as marked on the chart.

Also if you remember, I had written on July 14 th that Nifty will not close above 7908 on a Weekly basis in the coming 3-4 weeks and this has happened as expected.

Click on chart to enlarge