NIFTY FUTURE
As I told nifty has fallen yesterday, if we don’t believe in technical’s then we can say nifty has fallen due to down fall in chine’s market which has fallen 4%, now it is looking more down up to 8100 in upcoming sessions because it has been given confirmation after closing below yesterday's level. It will take 1st support from 8200 if it will break then we can see 8130 and that is a strong support for nifty.
Date and Time 21-10-15
Call: SHORT
CMP: 8251.70
Initiation Level: 8250
Book Profit (Level 1): 8220
Book Profit (Level 2): 8180
Stop Loss: 8300
Conviction Level; moderate risk
Reason: RECOVERY
Short term Trend: Recovery
Medium Term Trend: DOWN
For the investor: SELL ON HIGH
For Aggressive Traders: SELL ON RISE AND BUY ON DEEP
Support: 8200-8100
Resistance- 8380-8500
Duration: 1-3 Days
BANK NIFTY FUTURE
Bank nifty was a main reason for down fall in Indian markets, as we told yesterday PSU banks are looking down, and they had fallen today, but there targets in down side has to come they are looking down for another upcoming sessions, if we talk about bank index bank nifty it is looking very good for selling on charts. If it will give a negative closing on Friday then bank nifty may fall up to 16800 levels.
Date and Time 21-10-15
Stock: BANKNIFTY
Call : SHORT
Initiation Level: 17700
Book Profit (Level 1): 17600
Book Profit (Level 2): 17500
Stop Loss: 17900
Reason: recovery
Short term Trend: recovery
Medium Term Trend: recovery
For the Investor: SELL ON HIGH
For Aggressive Traders: SELL ON RISE AND BUY ON DIPS
Support: 17400-17250
Duration: 1-3Days
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