June 30, 2016

NIFTY / BANKNIFTY monthly charts

The month is over so here are the monthly charts.

As can be seen, the formation of higher high and higher lows is intact.

We had a hammer this month so holding 7900, markets should be fine.

Expect resistance around 8500-8600 levels and then 9000.

BANK NIFTY charts: similar to NIFTY... no surprises here.

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