September 1, 2014

Market outlook

NIFTY and B Nifty close at new record highs.

NIFTY closes first time above 8000 and BNIFTY above 16000. So far trend is still up.

EOD NIFTY chart ... deep support below 7540, minor support 7840 spot.

Option writing points to support at 7900 and resistance at 8200.


NIFTY hourly charts... trend is up with support at 7850 spot.



BANK NIFTY chart... deep support 14340, immediate support 15450



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