Monday, October 5, 2015

GM OCT 6, NIFTY FUT TO OPEN STRONGLY ABV 8200( UP ARD 75 POINTS)..PLS REFER OUR SMS LAST THURSDAY FOR BUYS ABV 7925 WITH SL 7790 FOR TGT 8060-8120-8220 , EXP ALL TGTS TO BE ACH/CLOSE ABV 8100 V BULLISH INVERSE HEAD AND SHOULDER PATTERN FOR HIGHER TGTS, BANK NIFTY CLOSE ABV 17700 V BULLISH/Another important point can be noted on the above mentioned chart is that; Nifty has closed above its medium term moving average after six weeks. Going forward, Nifty has immediate resistance around / 8220 -- 8260 levels followed by 8320 TO 8365 levels. On the downside, support for the index can be seen around 8090 / 8000 levels.