Thursday, August 6, 2015
EOD Update on Nifty and Banknifty Spot
Both Nifty and Banknifty Spot are at important resistance lines and under overbought conditions. Let us see how price behaves here impacting the charts.
Update on Nifty and Banknifty Future
Nifty and Banknifty both looking Overbought with negative divergences in oscillators. Staying out of longs or attempting to short here may give dividends. Nifty Future safe only above 8611 and Banknfity Future above 19203 for tomorrow.
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