TRADE the Levels, Charts Can Adjust.
Nifty Future (Bias -Negative)
Weak Below / Strong Above 7738.
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Banknifty Future (Bias - Negative)
Weak Below / Strong Above 16664.
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Tuesday, August 25, 2015
Update on Nifty Daily Chart EOD dated 24th August, 2015
Nifty has completed an x-wave and have started with second leg of correction. The a-leg down of the 2nd leg of correction may conclude on 25th morning (Tuesday). Nifty is likely to pullback for b-leg up thereafter. 7723.85 is the place of strong support. If this doesn't hold risk for 7500 is high.
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