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NIFTY - for the week of July 10th to 15th -- Old article 100% accuracy
 

Posted by admin on

September 7, 2016

The below article was written on July 10th for some clients…bang on target 100% accuracy…and today Bulls are in total control of NIFTY …pls see the last sentence highlighted below.

Also, please note as us usual, the technical picture has to be revisited “every week” to see where markets stand. Further updates of technical picture were only sent out to clients.

 

NIFTY – for the week of July 10th to 15th

Strong unemployment report in USA on Friday is causing a good rally in stock markets all over the world. Bulls r in full control….bad news is being ignored, good news is being enjoyed.

I will stick to technicals….and below is the analysis

july 10-15th : this week will be very interesting. 1st resistance around 8450 & the next one near 8490 to 8500 . Both are strong resistances.

How this week closes will be very interesting & critical. Will it be bulls on rampage or will bears step in to fight at above levels ?? we have to wait & see… If 8500 is cleared convincingly expect 8600 by end of next week.

bottom line strong resistance around 8450 & 8500. Rating 9/10 to 10/10. I expect fight from Bears around these levels if not bulls will go on rampage.

if 8500 is crossed convincingly, expect bull rampage

 

God Bless !

Koomar

 

UPDATE : NIFTY touched 9000 in September 1 st week after crossing 8500.  There was bull rampage 

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