Weekly Technical View for 15 July onwards – Harish Thakkar

Technical Views from our Guest Author Mr. Harish Thakkar

Nifty Daily Chart

Nifty Daily Chart

Nifty sustaining above January 2013 & June 2013 Monthly double top 6011 Nifty can target 1st 6085, 2nd 6169, Resistance 6053 Feb 2013 Monthly top & daily bottoms supports now becomes resistance.

Buy in dips for momentum above 5926 and market to remain in trading range below up to 5869. Possibilities of new lows exists only below 5869.

Bank nifty fails to cross over weekly swing high 11753 as of last week’s views. But, Bank Nifty made weekly reversal bullish bar formations too, which may help for further bullishness. Let the market to prove the levels. Trade what you see on screen without any bias in mind.

 

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