Movement of Nifty and Bank Nifty for 13-08-2014 …

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CNX Nifty

• Index opened with a positive momentum & held on to its gains for the entire session closing in the positive by 1%.
• Going Forward, Till Index holds 7630, it can rebound upto 7680- 7690.
• If breaks & sustains below 7630, can retest 7530-7570.
• Daily Momentum has turned into negative while Weekly momentum is in positive territory indicating Index to trade in a broad range of 7630-7725.

Bank Nifty Spot

• Index opened with a positive momentum & held on to its gains for the entire session closing in the positive by 0.55%.
• Going Forward, Till Index holds 14,800, it can rebound upto 15,050-15,100.
• If breaks & sustains below 14,800, can retest 14,600.
• Daily Momentum has turned into negative while Weekly momentum is in positive territory indicating Index to trade in a broad range of 14,800-15100.

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