Nifty, Bank Nifty and Sensex for 15th July
Technical view on Nifty (15th July '10)
Nifty witnessed a correction from the higher levels & in the end closed in the red. The next downside support for it seems to be around the levels of 5340 to 5350. Closing below this support zone may drag it till the lower levels of 5290 to 5300 in short run. We recommend that traders should go for sell in nifty future below 5350 for the Target of 5300 for intraday trading.
Technical view on Sensex (15th July '10)
Sensex today witnessed a correction from higher levels, as in the last prediction we mentioned in our previous report that it is making double top pattern on long time frame chart, & might witness some correction till the lower levels of 17300 to 17400. Closing below this support zone may drag it till the lower levels of 16900 to 17000.
Technical View on Bank Nifty Future (15th July '10)
Bank Nifty Future is in the key juncture and the next crucial resistance zone seems to be around the higher levels of 10025 to 10050. Closing above this resistance zone may take up it till the higher levels of 10300 to 10350 in quick time. So one may initiate long position in it above 10050 with the Stop Loss around 9990.
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