Update on Nifty and Banknifty Future

7632 and 16122 are the critical numbers for the day.

Update on Nifty Spot

Strength above 7700 from here in Nifty Spot.

Nifty Spot Daily Chart As on 3rd Sep, 2014

This week's 3-4 day fall could not retrace the last week's 3 days rally fully. Only 92% has been retraced in more than 100% time. So, the activity is marked as b-leg of "b". Yesterday's rise could be c-leg of "b" and today's fall may be the commencement of larger "c"-leg down. Now confirmation of "c"-leg  down would be initally to break below 7795 channel bottom and followed by a close below 7699!!  Else we may have to revisit count.

Nifty and Banknifty Future Key Level(s) for 4th Sep, 2015

TRADE the Levels, Charts Can Adjust.

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Nifty Future (Bias -Negative)

Weak Below / Strong Above 7830.  

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Banknifty Future (Bias -  Negative)

Weak Below / Strong Above 16521.  

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