Update on Nifty Spot

Nifty Spot close above 10816 is very very strong closing and will be a Bull control signal.

Intraday 6-7-2018

Nifty Future (Bias - Positive) 


Weak Below / Strong Above 10713.


Banknifty Future  (Bias - Positive) 



Weak Below / Strong Above 26371.  

Nifty Spot EOD Chart as on 5-7-2018 (Points Added)

Nifty Spot probably is near completion of the b-leg of correction as a contracting triangle.  All dips to 10650-10700 should be good for positional buying and an up-move is expected soon. Buying in Index future is good positionally.   400-650 (Approx) points up-move should come after completion of the triangle.   Positional S/l is 10557. On the upside d-leg shouldn't break above 10893 without e-leg else a flat correction will have to be assumed.