Gap down will be there at support level which may turn in resistance if selling comes .stay for real time updates at http://dhanvarsha.in/chatroom/
Bullish harami spotted at EOD chart trading at lower trend line support …
OI data for nifty futures is showing that OI is decreasing as nifty is falling day by day and fresh short buildup is not there means only forced long unwinding is there …After 30 July, OI is decreasing with fall in nifty- is indicating that this fall is not supported by majority of traders seems manipulated , rule is OI must increase with the direction of move for healthy trend
so as and when bulls will get opportunity they will buy for sure.
Bank nifty is giving reversal signals and may move towards North at any moment ..BN charts are gud for bottom fishing
Axis bank already started and trading well above 100 points from its recent low .
Sgx nifty is trading at pivot level next PP is located at 5574 and then 5494 so 5670 -75 may work as strong level …do not act in panic at 5665 -85 future range …go long above 5685 if start moving towards upside from below ..and go short below 5670 if break down with volumes will be spotted . Both possibilities are open at this juncture .
Trade in Nifty Futures as per these levels
Buy at / above: 5687 Targets: 5699 – 5718 – 5737 – 5759
Stoploss : 5666
Sell at / below: 5666 Targets: 5644 – 5625 – 5607 – 5591
Stoploss : 5687
Nifty levels 05 August 13 : gap Down opening