Nifty Major Update (29-06-15)

Technical said, Safe long only above 8430 level. Nifty is continue holding 8330 & 8370 (200 DMA) on close basis. Now, we can expect Buy above 8430 or in any dip with SL below 8230 for due target 8630. We are assuming that Nifty is creating mirror image. So, if unable to sustain above 8640 then we can expect 7600-7500 at least  or below in coming months.   

Nifty Update (26-06-15)

Technical said, If Nifty hold 8330 then pullback may continue... Now, Safe Long above 8430 (trendline resistance) for target 8530 or 8625 & stoploss for pullback should be below 8370. Below 8370... we may see 8230. 

Nifty Update (25-06-15)

Technical said, above 8370...  Pullback may extend till 8430-8450. If Nifty hold 8330 then pullback may continue... for target previous high 8488 or above 8488 target 8620-8630, #Else target 8200 with SL 8380.

   

Nifty Update (23-06-15)

Technical said, Pullback target 8370 & it will be as a major resistance. Daily RSI is indicating... it may extend more... next target seen 8430-8450 or Bang-Bang for target 8630 almost. Stoploss for this pullback should be below 8250 (on close).   

 

BankNifty Weekly Update (22-06-15)

Technically... BankNifty is ready for Bang-Bang upmove till 19200. Keep in mind... this upmove is a pullback only of Downtrend by Daily, Weekly & Monthly Chart. Stoploss for this pullback should be below 17700 (on close).

  

Nifty Update (22-06-15)

Technical said, We may see at least 8210 by pullback & Nifty close above 8195 (200 DEMA). So, we expect... pullback should extend for target 8370 (200 DSMA) as a major resistance or 8430-8450 as a Bollinger band or Parallel channel resistance.

Nifty Update (17-06-15)

Technical said, Nifty is holding 7965 on close basis. We expect a good pullback & it start from today. We may see 8210 in this week at least. Pullback may extend above 8210.... 

   

Nifty Update (15-06-15)

Technical said, 7965 is the critical level & Nifty is holding on close basis. So, we are expecting a strong pullback before any deep correction. Strict Stoploss for pullback should be 7960. If again downtrend start rather than pullback.... then we may see 7640 in next week. Pharma & Banks are looking good for pullback. 

Nifty Update (12-06-15)

Technical said, expected pullback for target 8210 (200 DEMA), But Nifty fail at 8164 & break pullback stoploss 8090. Now 7965 is a critical support, another pullback or breakdown for target 7640.

Nifty Update (11-06-15)

Technical said, Pullback required and we got handsome rally today. Now, we will focus on 8210 (200 DEMA). If sustain or close above 8210 then we expect more pullback. Stoploss for current pullback should be below 8090.

  

Nifty Update (09-06-15)

Technical said, We expect a pullback before new low (below 7997), but Nifty is still in downtrend momentum. If Nifty hold 7997 then still hope for a pullback till 8210 at least before new low. Below 7997... new low target seen 7700-7500 range.

Nifty & BankNifty Update (08-06-15)

Technically Nifty & BankNifty want pullback before any new low. Please keep in mind that weekly charts are still bearish. Expected pullback target seen in Nifty is 8282 or above & in BankNifty is 18180 or above. Stoploss should be Friday's low.

 

Bank Nifty Major Update (03-06-15)

Today's low of Bank Nifty is very important. We can see clear picture in the weekly chart... respected trendlines & downward RSI hit new low. Breakdown confirm below 17567 for given targets on the weekly chart.

   

Nifty Update (03-06-15)

Technical said, Nifty may unable to sustain above 8450. Now, below 8210 (200 Day EMA) target will be 8000. Keep in mind... Nifty's weekly & monthly charts in bearish mode also.