Date of Rec : 16-08- 12
Rec Price: 15
1. F & O Expiry Day
2.Market Looks Volatile
NIFTY CASH FOR TODAY ( Close 8615.25)
Up Side Entry Point 8634 Trade Above 8634 & Stay Above 8634
( 10 -15Min)
Next Level 8650 --- 8664 ---- 8687 Trend Reversal Below 8618
Down Side Entry Point 8597 and Stay Below 8597 (10-15 Min.) Next Level 8581 ---- 8566 --8543 Trend Reversal 8612
Market Last week
( Sensex Last Close 28077.18, Nifty Last Close 8693.05)
Sensex opened the week at 27776, made a high of 28212, low of 27488 and closed the week at 28077. At the same time the Nifty opened the week at 8612, made a high of 8727, low of 8506 and closed the week at 8693.
As expected both the indices went down initial , but managed to recover but both once again not able to close above 50dma and sensex also failed to close above 20dma however nifty just close above 20dma . A close above 50dma and 20dma will push the indices to test the level of Sensex 28477 and Nifty 8806 which is the failure point of the Bearish Head and Shoulders ...........
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