Sensex & Nifty Technicals - 23rd Jan
BULLS ATTEMPTING FOR A BREAK UP. HAVE TO JUMP OVER THE 6333-55 LEVEL.
CLOSE ABOVE 6355 NEEDED FOR BREAKING THE 6133-6355 RANGE.
SO 200 POINTS BOUNCE FROM 6355 CAN LIFT NIFTY TO 6555 BEFORE STARTING OF A CORRECTION.
BANK NIFTY STARTING FOR A BIG BOUNCE. DOUBLE BOTTOM PATTERN IN HOURLY CHART GIVE THE TARGET 12400.
THE PIVOT POINT FOR THE WEEK AHEAD IS 6266.
ABOVE 6311 BULLS CAN TARGET 6444.
BELOW 6222 BEARS CAN TARGET 6088.
NIFTY FUTURE : THURSDAY
====================
BUY NIFTY-FUT ABOVE 6355 TARGET 6377/6399 STOP-LOSS 6333
SELL NIFTY-FUT BELOW 6311 TARGET 6288/6266 STOP-LOSS 6333
BANKNIFTY
========
BUY ABOVE 11244 TARGET 11333/11422 STOP-LOSS 11200
SELL BELOW 11155 TARGET 11066/10977 STOP-LOSS 11200
BULLS ATTEMPTING FOR A BREAK UP. HAVE TO JUMP OVER THE 6333-55 LEVEL.
CLOSE ABOVE 6355 NEEDED FOR BREAKING THE 6133-6355 RANGE.
SO 200 POINTS BOUNCE FROM 6355 CAN LIFT NIFTY TO 6555 BEFORE STARTING OF A CORRECTION.
BANK NIFTY STARTING FOR A BIG BOUNCE. DOUBLE BOTTOM PATTERN IN HOURLY CHART GIVE THE TARGET 12400.
THE PIVOT POINT FOR THE WEEK AHEAD IS 6266.
ABOVE 6311 BULLS CAN TARGET 6444.
BELOW 6222 BEARS CAN TARGET 6088.
NIFTY FUTURE : THURSDAY
====================
BUY NIFTY-FUT ABOVE 6355 TARGET 6377/6399 STOP-LOSS 6333
SELL NIFTY-FUT BELOW 6311 TARGET 6288/6266 STOP-LOSS 6333
BANKNIFTY
========
BUY ABOVE 11244 TARGET 11333/11422 STOP-LOSS 11200
SELL BELOW 11155 TARGET 11066/10977 STOP-LOSS 11200