Nifty & Bank Nifty the Way Forward 07-08-2014 ..

Advertisement

Nifty

• Nifty Opened on a flat note found support @ 7650 zone & closed 0.82% positive.
• Going Forward, Till Index holds support zone of 7695-7710, it can rebound upto 7790-7810.
• If breaks & sustains below 7695, can further move upto 7620-7580.
• Daily Momentum has turned into negative while Weekly momentum is in positive territory indicating Index to trade in a broad range of 7650-7810.

Bank Nifty

• Bank Nifty Opened on a flat note found support @ 15100 zone & closed 0.33% positive.
• Going Forward, Till Index holds support zone of 15100- 15,130, it can rebound upto 15,600-15,700.
• If breaks & sustains below 15,100, can further move upto 14,900-14,750.
• Daily Momentum has turned into negative while Weekly momentum is in positive territory indicating Index to trade in a broad range of 14,850-15,550.

Related Articles:

StriveBlue Home|Poompugar Shoppings